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Nascent Gas Markets in the Era of Low Oil Prices: The Challenges and Opportunities of Energy Security in Southeast Asia

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The International Political Economy of Oil and Gas

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Abstract

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.

This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2015S1A3A2046684)

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Authors and Affiliations

  1. Division of International Studies, Hanyang University, Seoul, South Korea

    Younkyoo Kim

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  1. Younkyoo Kim
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Editors and Affiliations

  1. Dept War Studies, King’s College London, London, United Kingdom

    Slawomir Raszewski

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Kim, Y. (2018). Nascent Gas Markets in the Era of Low Oil Prices: The Challenges and Opportunities of Energy Security in Southeast Asia. In: Raszewski, S. (eds) The International Political Economy of Oil and Gas. International Political Economy Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-62557-7_9

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