This chapter analyses change and continuity in the regional approach to LNG markets since 2010, focusing, in particular, on Japan, the world’s largest LNG importer. The primary focus is on natural gas markets in the region as opposed to extraction, production and/or domestic regulation in producing states in the Asia-Pacific Region. This approach is driven by the fact that the regional gas market is in flux and the evolution of regional gas pricing will have a significant effect on the economics of natural gas production worldwide. Japan’s approach to LNG markets is evaluated in the context of its interaction with other formal institutional actors and is couched within the broader regional institutional setting. Consequently, the chapter documents recent developments in Japan’s LNG policy and summarises its activities in the LNG market since 2010.
Asia-Pacific Economic Cooperation
Asian Regional Forum
Association of South East Asian Nations
Coal Bed Methane
Chief Executive Officer
Chinese National Offshore Oil Corporation
Chinese National Petroleum Corporation
Coal Seam Gas
East Asian Summit
Energy Information Administration
Ente Nazionale Idrocarburi
Group of 7
Gas Authority of India Limited
International Group of Liquefied Natural Gas Exporters
International Energy Agency
Institute for Energy Economics, Japan
Japan Bank for International Cooperation
Japan Crude Cocktail
Japan South Korea marker
Japan Oil, Gas and Metals National Corporation
Korea Gas Corporation
Liquefied Natural Gas
Ministry of Economics, Trade and Industry
Ministry of Finance
Million Tonnes per Annum
Million British Thermal Units
New South Wales
Organization of Petroleum Exporting Countries
Pohang Iron and Steel Company
Shanghai Cooperation Organization
Tokyo Electric Power Company
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