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Gas Market Integration: Global Trends and Implications for the EAS Region

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  • Yanrui Wu

    (Business School, University of Western Australia)

Abstract

East Asia is already the main destination of the world’s commercial liquefied natural gas (LNG). However, the gas markets in the EAS area are either underdeveloped or fragmented. The objectives of this study are twofold, namely, i) to present a review of the trends in global gas market integration and ii) to draw implications and make recommendations for gas market development in the EAS area. To achieve the goal of an integrated gas market in the EAS region, governments in member economies must work together to implement a plan. Specifically, four recommendations are made to the EAS states: adopt a formal program to promote and nurture the development of gas markets in member states and phased sectoral reforms in relatively mature markets; set targets to gradually harmonise regulatory and technical standards in the gas sector; coordinate better to promote their “gas” causes; and boost cross-border connectivity and trading within the area and eventually achieve regional gas market integration.

Suggested Citation

  • Yanrui Wu, 2011. "Gas Market Integration: Global Trends and Implications for the EAS Region," Economics Discussion / Working Papers 11-20, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:11-20
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    File URL: https://www.business.uwa.edu.au/__data/assets/pdf_file/0011/1895348/11-20-Gas-Market-Integration-Global-Trends-and-Implications-for-the-EAS-Region.pdf
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    References listed on IDEAS

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    1. Siliverstovs, Boriss & L'Hegaret, Guillaume & Neumann, Anne & von Hirschhausen, Christian, 2005. "International market integration for natural gas? A cointegration analysis of prices in Europe, North America and Japan," Energy Economics, Elsevier, vol. 27(4), pages 603-615, July.
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    Cited by:

    1. Shi, Xunpeng & Variam, Hari Malamakkavu Padinjare & Shen, Yifan, 2019. "Trans-ASEAN gas pipeline and ASEAN gas market integration: Insights from a scenario analysis," Energy Policy, Elsevier, vol. 132(C), pages 83-95.
    2. Hafezi, Reza & Wood, David A. & Akhavan, Amir Naser & Pakseresht, Saeed, 2020. "Iran in the emerging global natural gas market: A scenario-based competitive analysis and policy assessment," Resources Policy, Elsevier, vol. 68(C).
    3. Vivoda, Vlado, 2014. "Natural gas in Asia: Trade, markets and regional institutions," Energy Policy, Elsevier, vol. 74(C), pages 80-90.

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