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Analysis and prospects of development of Asia-Pacific markets of LNG by 2035


Starova O.V., Arefev V.A., Zhitnikov I.V., Smirnova A.K.
(about the authors)

Starova Olga Valerevna – (Siberian Federal University, Institute of Business Process Management and Economics )

Arefev Viktor Aleksandrovich – (Institute of Oil and Gas – Siberian Federal University)

Zhitnikov Ilya Vladimirovich – (Institute of Oil and Gas – Siberian Federal University)

Smirnova Anna Konstantinovna – (Institute of Oil and Gas – Siberian Federal University)

Published in:
Journal of Economics, Entrepreneurship and Law
– Volume 9, Number 1 (January-March 2019)



Keywords: Asia-Pacific, asia-pacific region, commodity market, liquefied natural gas, LNG imports, markets of liquefied natural gas (LNG), natural gas imports


Citation:
Starova O.V., Arefev V.A., Zhitnikov I.V., Smirnova A.K. (2019). Analysis and prospects of development of Asia-Pacific markets of LNG by 2035. Journal of Economics, Entrepreneurship and Law, 9(1), 11-18. doi: 10.18334/epp.9.1.40637


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Abstract:

Global economic growth is closely linked with the growth of energy consumption. So, the main growth in natural gas consumption is observed in the Asia-Pacific region, which requires increasing imports of liquefied natural gas. This will help to compensate for the lack of pipelines, natural resources in the Asia-Pacific region and meet the growing demand of the economies. The main driver of import growth will be China due to the government reforms of the power system in the region, improve the ecological environment and slow pace of development of its own gas industry. In other countries, the growth rate of liquefied natural gas (LNG) imports will correspond to the statistical growth rate of gas consumption and economic growth. Total for major importing countries of LNG market growth to 2035 will be equivalent to 7 trillion USD, with the main contribution of China (72%).







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