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Natural Gas

  • Vlado VivodaEmail author
Chapter
Part of the The Political Economy of the Asia Pacific book series (PEAP)

Abstract

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.

Abbreviations

APEC

Asia-Pacific Economic Cooperation

ARF

Asian Regional Forum

ASEAN

Association of South East Asian Nations

CBM

Coal Bed Methane

CEO

Chief Executive Officer

CNOOC

Chinese National Offshore Oil Corporation

CNPC

Chinese National Petroleum Corporation

CSG

Coal Seam Gas

EAS

East Asian Summit

EIA

Energy Information Administration

ENI

Ente Nazionale Idrocarburi

G7

Group of 7

GAIL

Gas Authority of India Limited

GAZPROM

Gazovaya Promyshlennost

GIIGNL

International Group of Liquefied Natural Gas Exporters

HH

Henry Hub

IEA

International Energy Agency

IEEJ

Institute for Energy Economics, Japan

JBIC

Japan Bank for International Cooperation

JCC

Japan Crude Cocktail

JKM

Japan South Korea marker

JOGMEC

Japan Oil, Gas and Metals National Corporation

KOGAS

Korea Gas Corporation

LNG

Liquefied Natural Gas

METI

Ministry of Economics, Trade and Industry

MOF

Ministry of Finance

MT

Million Tonnes

MTPA

Million Tonnes per Annum

MMBTU

Million British Thermal Units

NSW

New South Wales

OPEC

Organization of Petroleum Exporting Countries

POSCO

Pohang Iron and Steel Company

SCO

Shanghai Cooperation Organization

TEPCO

Tokyo Electric Power Company

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Centre for Social Responsibility in MiningUniversity of QueenslandSt LuciaAustralia

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