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Can Natural Gas Play an Important Role in the Energy Transition in Asia in the Future?

Author

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  • Minh Thong Le

    (Hanoi University of Mining and Geology, Vietnam)

  • Thanh Thuy Nguyen

    (Hanoi University of Mining and Geology, Vietnam)

  • Van Hiep Tran

    (Hanoi University of Mining and Geology, Vietnam)

  • Thi Kim Ngan Nguyen

    (Hanoi University of Mining and Geology, Vietnam)

  • Huu Tung Do

    (Hanoi University of Mining and Geology, Vietnam)

Abstract

Asia has been the region with the world’s fastest growing economies in decades, and it continues to lead global growth in the future. The rapid economic growth has led to a huge demand for energy. However, this problem faces enormous environmental problems, climate change and global warming, in particular. Therefore, the transition energy from traditional energy to clean energy sources, renewable energy is imperative and to be inevitable trend in the future. With cleaner properties than oil and coal, natural gas can be seen as an important bridge in the transition energy process towards a low-carbon economy in Asia. Despite the fact that there are a lot of controversies and uncertainties about the development of natural gas in Asia, there are many reasons for us to believe that natural gas will play an important role in the energy mix in Asia in the future, such as the development of unconventional gas, the development of natural gas and LNG markets, environmental and climate policies, or the decline in energy prices. This paper will show the favorable condition to explain why natural gas can play an important role in the energy transition in Asia. Keywords: Natural Gas, Energy Transition, Energy, Environment Journal: Eurasian Journal of Business and Management

Suggested Citation

  • Minh Thong Le & Thanh Thuy Nguyen & Van Hiep Tran & Thi Kim Ngan Nguyen & Huu Tung Do, 2019. "Can Natural Gas Play an Important Role in the Energy Transition in Asia in the Future?," Eurasian Journal of Business and Management, Eurasian Publications, vol. 7(4), pages 28-36.
    • Handle: RePEc:ejn:ejbmjr:v:7:y:2019:i:4:p:28-36
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    References listed on IDEAS

    as
    1. Minh-Thong Le, 2018. "An assessment of the potential for the development of the shale gas industry in countries outside of North America," Post-Print hal-01707908, HAL.
    2. Li, Ying & Lukszo, Zofia & Weijnen, Margot, 2015. "The implications of CO2 price for China’s power sector decarbonization," Applied Energy, Elsevier, vol. 146(C), pages 53-64.
    3. Aguilera, Roberto F. & Inchauspe, Julian & Ripple, Ronald D., 2014. "The Asia Pacific natural gas market: Large enough for all?," Energy Policy, Elsevier, vol. 65(C), pages 1-6.
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