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Vulnerability of Natural Gas Supply in the Asian Gas Market

Author

Listed:
  • Helen Cabalu

    (School of Economics and Finance, Curtin University of Technology, GPO Box U1987, Perth, Western Australia 6845)

  • Chassty Manuhutu

    (Curtin University of Technology, GPO Box U1987, Perth, Western Australia 6845,)

Abstract

Gas supply interruptions, increasing gas prices, transportation and distribution bottlenecks, and a growing reliance on imports over longer distances have renewed interest on gas vulnerability in Asia. Japan, Korea and Taiwan are heavily reliant on LNG imports for their gas supplies from Malaysia, Brunei, Indonesia, Australia and the Middle East. Countries like Malaysia, Thailand and Singapore import gas via trans-border pipelines. This paper examines the relative vulnerability of eight gas-importing countries in Asia for the year 2006 using four market risk indicators (ratio of value of gas imports to GDP; ratio of gas consumed to GDP; ratio of gas consumed in an economy to population; and ratio of gas consumption to total primary energy consumption) and two supply risk indicators (ratio of domestic gas production to total domestic gas consumption and geopolitical risk). Using principal component analysis, a composite index of gas vulnerability is estimated by combining the individual indicators. The results demonstrate that there are significant differences in the values of individual and overall indicators of gas vulnerability among countries. This implies that policy measures to address gas vulnerability in one country could differ in another country.

Suggested Citation

  • Helen Cabalu & Chassty Manuhutu, 2009. "Vulnerability of Natural Gas Supply in the Asian Gas Market," Economic Analysis and Policy, Elsevier, vol. 39(2), pages 255-270, September.
    • Handle: RePEc:eee:ecanpo:v39:y:2009:i:2:p:255-270
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    Citations

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    Cited by:

    1. Rasoulinezhad, Ehsan & Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Sarker, Tapan, 2019. "Russian Federation–East Asia Liquefied Natural Gas Trade Patterns and Regional Energy Security," ADBI Working Papers 965, Asian Development Bank Institute.
    2. Long Zhang & Wuliyasu Bai, 2020. "Risk Assessment of China’s Natural Gas Importation: A Supply Chain Perspective," SAGE Open, , vol. 10(3), pages 21582440209, July.
    3. Soni, Vivek & Dey, Prasanta Kumar & Sharma, Sunil & Das, Debadyuti, 2023. "Negotiating oil and gas resource ownership for equitable sharing: A problematization approach and evidence from India," Resources Policy, Elsevier, vol. 85(PA).
    4. Hua Liao & Zhao-Yi & Ce Wang, 2013. "Divisia decomposition method and its application to changes of net oil import intensity," CEEP-BIT Working Papers 55, Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology.
    5. Cabalu, Helen, 2010. "Indicators of security of natural gas supply in Asia," Energy Policy, Elsevier, vol. 38(1), pages 218-225, January.
    6. Biresselioglu, Mehmet Efe & Yelkenci, Tezer & Oz, Ibrahim Onur, 2015. "Investigating the natural gas supply security: A new perspective," Energy, Elsevier, vol. 80(C), pages 168-176.
    7. Berk, Istemi & Ediger, Volkan Ş., 2018. "A historical assessment of Turkey’s natural gas import vulnerability," Energy, Elsevier, vol. 145(C), pages 540-547.

    More about this item

    Keywords

    Natural gas; vulnerability; Asia;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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