The Domestic Natural Gas Shortage in China


Book Description

This thesis analyzes the domestic shortage in the Chinese natural gas market. Both the domestic supply and demand of natural gas are growing fast in China. However, the supply cannot catch up with the demand. Under the present pricing mechanism, the Chinese natural gas market cannot get the equilibrium by itself. Expensive imports are inadequate to fill the increasing gap between the domestic demand and supply. Therefore, the shortage problem occurs. Since the energy gap can result in the arrested development of economics, the shortage problem need to be solved. This thesis gives three suggestions to solve the problem: the use of Unconventional Gas, Natural Gas Storage and Pricing Reform.




China and the Global Energy Crisis


Book Description

. . . a very detailed and fascinating description of the development of China s oil and natural gas industry and an assessment of its prospects. . . certainly a recommended read. Anthony D. Owen, Asia Pacific Journal of Economics and Business . . . this book should be a part of the library of anyone interested in the Chinese energy system. New Zealand Journal of Asian Studies This is a timely and important book to help enhance understanding of China s petroleum industry and to assess China s energy policy in a more sensible way. Janet Xuanli Liao, The China Journal This is a timely volume. Understanding the oil and gas industry that China has at home is an essential prerequisite to understanding Chinese foreign policy and the future role of China in world oil and gas markets. It is certain to be a major one. From the preface by Ron Oxburgh, Lord Oxburgh of Liverpool, (Climate Change Capital) China s rapid economic development is having profound implications for energy resources. China has always been exceptionally reliant on its abundant coal, but consumption of oil and gas have grown rapidly since reform began in the 1980s. In spite of vigorous domestic development most recently in the Tarim Basin China is now consuming approximately 8 per cent of the world s oil output but producing only 4 per cent. China s emergence as an energy importer has given rise to concerns that it is a major contributor to recent turmoil in energy markets. This book examines China s record of oil and gas development, its refining capacity, and energy prospects. The authors conclude that there are no fundamental reasons for anxiety about China s demands on the world energy economy, but they emphasize that its energy future will depend critically on a continuation of reform and internationalization. China and the Global Energy Crisis is a concise but detailed study of these issues. This book will appeal not only to readers concerned with China and energy issues, but also to a wider readership seeking to understand China s development and its global meaning.




Developing China's Natural Gas Market


Book Description

Driven by an increasing recognition of the many advantages of natural gas and by the need to diversify its coal-dominated energy supply, China's natural gas industry is poised for rapid expansion. Some major gas infrastructure projects have been launched to support ambitious gas growth targets in the country for the next five years and beyond. Other countries within the IEA and outside, have faced similar challenges in developing their gas markets, but the challenges faced by China are far greater. Chinese gas reserves are relatively limited and are located far from the main centres of demand; cheap alternatives are available; there is a lack of related technology and skill; and knowledge of how best to develop markets is not widespread. This report attempts to address these challenges.




Energy Economy in China


Book Description

The key subjects of the book are policy imperatives, market dynamics and regional developments concerning oil and gas, as well as energy as a whole in China. In addition to national policies and issues, the objective of this book is to study China's regional and provincial oil and gas demand, supply and trade, energy balances, and economic development, with projections up till 2020. Particular emphasis will be given to challenges facing the Chinese government in ensuring future oil and gas supplies, energy security, the use of natural gas in coastal provinces for power generation, oil and gas related environmental issues, and the need for foreign investment in the oil and gas sector development. The impact of China's oil market development and imports on the Asia-Pacific region will also be examined. Energy Economy in China also reviews all current and future domestic and international oil and gas pipelines, import plans and emerging new gas markets in China over the next fifteen years.




China’s Gas Development Strategies


Book Description

This book is open access under a CC BY 4.0 license. This book examines how China can increase the share of natural gas in its energy system. China’s energy strategy has global ramifications and impact, and central to this strategy is the country’s transition from coal to gas. The book presents the culmination of a two-year collaboration between the Development Research Center of the State Council (DRC) and Shell. With the Chinese government’s strategic aim to increase the share of gas in the energy mix from 5.8% in 2014 to 10% and 15% in 2020 and 2030 respectively, the book outlines how China can achieve its gas targets. Providing both quantifiable metrics and policy measures for the transition, it is a much needed addition to the literature on Chinese energy policy. The research and the resulting recommendations of this study have fed directly into the Chinese government’s 13th Five-Year Plan, and provide unique insights into the Chinese government and policy-making. Due to its global impact, the book is a valuable resource for policy makers in both China and the rest of the world.




Liquefied Natural Gas in China


Book Description

A report on key issues and options relating to the development of a liquefied natural gas (LNG) project in China. The objectives of the study were to examine the projected market for gas and to review the mechanisms and structures necessary to support the introduction of gas.




Opening Up China's Markets Of Crude Oil And Petroleum Products: Theoretical Research And Reform Solutions


Book Description

This book provides a comprehensive and unique perspective on China's oil and natural gas industry and a practical roadmap to reforms.The book begins with a thorough examination of the status quo of China's oil and natural gas industry. It explores the evolution, transition, and characteristics of the oil industry of China, and unveils the problems that caused ineffectiveness of the oil and petroleum products market, namely, the dominance of monopoly enterprises, price regulation, and restriction to entry. It provides an insightful analysis on the efficiency losses and welfare losses the monopoly system brings to the society as the current system distorts income distribution, violates the principle of fairness, and stands against the market rules and the legal pillars of the Chinese constitution. This book argues that the monopoly system in the oil industry of China results in a variety of toxic influences and that reforms are needed. It then offers a roadmap to reforms in the oil and petroleum products market in an incremental fashion.The findings and proposals of the Chinese version of this book have proved to be successful, as they led to immediate shifts in the policies of the Chinese authorities. This book provides valuable insights into the urgency involved in carrying out reforms in the oil and petroleum products market in China, with concrete and up-to-date statistics, comprehensive and detailed analyses, and authoritative and authentic sources.




Natural Gas in Asia


Book Description

The next decade will be crucial for Asian gas markets and determine whether natural gas will become a major fuel in the energy markets of Asia or remain a peripheral energy source. This new edition, which looks at the future of natural gas in the major energy markets of Asia, has been substantially rewritten and completely updated.




Natural Gas in Asia


Book Description

The future energy needs of China, India, and the rest of Asia are considerable. Will gas supplies respond to this expanding demand? Large-scale projects will have to be implemented in Russia, the Central Asian Republics, and the Middle East to bring required supplies to Asian markets in the years to 2020. This book assesses the economic opportunities, political obstacles, and other challenges to these projects.




China's Quest for Energy Security


Book Description

China's two decades of rapid economic growth have fueled a demand for energy that has outstripped domestic sources of supply. China became a net oil importer in 1993, and the country's dependence on energy imports is expected to continue to grow over the next 20 years, when it is likely to import some 60 percent of its oil and at least 30 percent of its natural gas. China thus is having to abandon its traditional goal of energyself-sufficiency--brought about by a fear of strategic vulnerability--and look abroad for resources. This study looks at the measures that China is taking to achieve energy security and the motivations behind those measures. It considers China's investment in overseas oil exploration and development projects, interest in transnational oil pipelines, plans for a strategic petroleum reserve, expansion of refineries to process crude supplies from the Middle East, development of the natural gas industry, and gradual opening of onshore drilling areas to foreign oil companies. The author concludes that these activities are designed, in part, to reduce the vulnerability of China's energy supply to U.S. power. China's international oil and gas investments, however, are unlikely to bring China theenergy security it desires. China is likely to remain reliant on U.S. protection of the sea-lanes that bring the country most of its energy imports.