Natural Gas Markets in Asia: From Callow Youth to Maturity
In the 1980s, Asian energy markets expanded at a rapid rate to meet the surge in demand from Japan, Korea, and Taiwan. This demand boom coincided with an increase in non-OPEC oil production in the region. As oil production stabilizes, demand looks set to rise sharply, this time in the new Newly Indu...
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crsagepubl:10.1177/014459879201000210 2023-05-15T18:09:16+02:00 Natural Gas Markets in Asia: From Callow Youth to Maturity Hertzmark, Donald I. 1992 http://dx.doi.org/10.1177/014459879201000210 http://journals.sagepub.com/doi/pdf/10.1177/014459879201000210 en eng SAGE Publications http://journals.sagepub.com/page/policies/text-and-data-mining-license Energy Exploration & Exploitation volume 10, issue 2, page 131-140 ISSN 0144-5987 2048-4054 Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment journal-article 1992 crsagepubl https://doi.org/10.1177/014459879201000210 2022-04-14T04:41:45Z In the 1980s, Asian energy markets expanded at a rapid rate to meet the surge in demand from Japan, Korea, and Taiwan. This demand boom coincided with an increase in non-OPEC oil production in the region. As oil production stabilizes, demand looks set to rise sharply, this time in the new Newly Industrialized Countries of Southeast Asia, Thailand, Malaysia, and Indonesia. Natural gas will play a key role in this expansion of energy use and could start to lead rather than follow oil markets. The leading role of natural gas will be especially strong if gas starts to make inroads in the high and middle ends of the barrel with oxygenated gasoline and compressed natural gas for trucks. At the bottom of the barrel, natural gas could increasingly usurp the role of residual fuel oil for environmental reasons. At the same time, regional refiners could find that residual oil is their leading source of additional feed for the new process units currently under discussion or planning. The supply outlook for natural gas is increasingly fraught with uncertainties as more of the region's supplies must come from distant areas. In particular, LNG supplies from Malaysia and Indonesia will need to be replaced by the early part of the next century as rising domestic demand eats into the exportable gas production. New sources include China, Siberia, Sakhalin Island, Papua New Guinea, and Canada. There will be intense competition to supply the Northeast Asian markets as the gas production in Southeast Asia is increasingly used within ASEAN. Article in Journal/Newspaper Sakhalin Siberia SAGE Publications (via Crossref) Canada Energy Exploration & Exploitation 10 2 131 140 |
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Open Polar |
collection |
SAGE Publications (via Crossref) |
op_collection_id |
crsagepubl |
language |
English |
topic |
Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment |
spellingShingle |
Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment Hertzmark, Donald I. Natural Gas Markets in Asia: From Callow Youth to Maturity |
topic_facet |
Energy Engineering and Power Technology Fuel Technology Nuclear Energy and Engineering Renewable Energy, Sustainability and the Environment |
description |
In the 1980s, Asian energy markets expanded at a rapid rate to meet the surge in demand from Japan, Korea, and Taiwan. This demand boom coincided with an increase in non-OPEC oil production in the region. As oil production stabilizes, demand looks set to rise sharply, this time in the new Newly Industrialized Countries of Southeast Asia, Thailand, Malaysia, and Indonesia. Natural gas will play a key role in this expansion of energy use and could start to lead rather than follow oil markets. The leading role of natural gas will be especially strong if gas starts to make inroads in the high and middle ends of the barrel with oxygenated gasoline and compressed natural gas for trucks. At the bottom of the barrel, natural gas could increasingly usurp the role of residual fuel oil for environmental reasons. At the same time, regional refiners could find that residual oil is their leading source of additional feed for the new process units currently under discussion or planning. The supply outlook for natural gas is increasingly fraught with uncertainties as more of the region's supplies must come from distant areas. In particular, LNG supplies from Malaysia and Indonesia will need to be replaced by the early part of the next century as rising domestic demand eats into the exportable gas production. New sources include China, Siberia, Sakhalin Island, Papua New Guinea, and Canada. There will be intense competition to supply the Northeast Asian markets as the gas production in Southeast Asia is increasingly used within ASEAN. |
format |
Article in Journal/Newspaper |
author |
Hertzmark, Donald I. |
author_facet |
Hertzmark, Donald I. |
author_sort |
Hertzmark, Donald I. |
title |
Natural Gas Markets in Asia: From Callow Youth to Maturity |
title_short |
Natural Gas Markets in Asia: From Callow Youth to Maturity |
title_full |
Natural Gas Markets in Asia: From Callow Youth to Maturity |
title_fullStr |
Natural Gas Markets in Asia: From Callow Youth to Maturity |
title_full_unstemmed |
Natural Gas Markets in Asia: From Callow Youth to Maturity |
title_sort |
natural gas markets in asia: from callow youth to maturity |
publisher |
SAGE Publications |
publishDate |
1992 |
url |
http://dx.doi.org/10.1177/014459879201000210 http://journals.sagepub.com/doi/pdf/10.1177/014459879201000210 |
geographic |
Canada |
geographic_facet |
Canada |
genre |
Sakhalin Siberia |
genre_facet |
Sakhalin Siberia |
op_source |
Energy Exploration & Exploitation volume 10, issue 2, page 131-140 ISSN 0144-5987 2048-4054 |
op_rights |
http://journals.sagepub.com/page/policies/text-and-data-mining-license |
op_doi |
https://doi.org/10.1177/014459879201000210 |
container_title |
Energy Exploration & Exploitation |
container_volume |
10 |
container_issue |
2 |
container_start_page |
131 |
op_container_end_page |
140 |
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1766181745963565056 |