Nascent Gas Markets in the Era of Low Oil Prices: The Challenges and Opportunities of Energy Security in Southeast Asia
At end of February 2016, the first exports of liquefied natural gas (LNG) from the US mainland were shipped when major shale gas company Cheniere Energy’s LNG cargo left the Sabine Pass terminal in Texas. The potential large-scale entry of US LNG exports into Asian markets may trigger flexible trading. Northeast Asia needs to continue its effort to promote regional cooperation and coprosperity by building a Northeast Asian gas trading hub. Russia will seek to keep US LNG in check through price negotiations. The evolution of an Asian gas hub will be to a great extent influenced by how Russia and China will reconsider their energy strategies.
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