This paper measures the current energy market integration (EMI) in the 16 East Asia countries, comprising the ASEAN 10 countries, China, Japan, Korea, India, Australia, and New Zealand, by using the principal component analysis (PCA) approach. This comprehensive EMI index has four important...

The combination of energy pricing reform and energy sector investment liberalisation is thus expected to enhance economic development in the region and also to encourage people to use more efficient and cleaner fuels. This study indicates that even if the partial removal of energy subsidies has...

There is a widely-held perception that Asia has been paying a premium for its crude oil, the so-called “Asia premium.” This has led to calls for intervention among some observers of the Asian crude oil market in order to mitigate the so-called premium. More recently, it has been argued that...

This study applies a regional public goods approach to the study of energy market integration (EMI) in East Asia, with a view to clarifying the outlook for such integration and the likely obstacles to be encountered. In addition to drawing on theoretical ideas relating to regional public goods,...

Intro-regional energy trade is increasing rapidly in EAS Region in recent years. There are a lot of factors contributing for intro-regional energy trade booming, such as market demand, trade liberalization and trade facilitation. However, there are still several problems in the energy market of...

East Asia is already the main destination of the world’s commercial liquefied natural gas (LNG). However, the gas markets in the EAS area are either underdeveloped or fragmented. The objectives of this study are twofold, namely, i) to present a review of the trends in global gas market...

The shift in electric power generation types has gained attention in the context of climate change and more recently by the devastating nuclear fallouts in the aftermath of the Japanese earthquake. On the one hand, shifting away from fossil fuels to renewable energy sources would mitigate...

Energy Market Integration (EMI) in East Asia has been implemented in the past decade with the emergence of cooperation between ASEAN and its dialogue partners. ASEAN is working towards a single market by 2015, under the guideline of AEC (Bali Concord II, 2003). Considerable progress in the EMI...

Asian energy policy makers are now in the cross road of defining the future direction of the region’s long term energy scenario which can strike a balance between economic development, energy supply security and climate change mitigation due to the Fukushima nuclear accident in Japan. Though...

In this study, we ask two questions: First, what would be the trade pattern of natural gas in the East Asia Summit region when an integrated and competitive market of natural gas is introduced? Second, what would be the impacts of additional infrastructure, including pipelines and LNG terminals,...