Research On The Development Of Natural Gas Trade Hub For Asia Pacific Region In China

In recently years,Natural Gas,as a part of high quality clean energy,is rapidly developing.The exploration and consumption of global Natural Gas industry,especially the Asia Pacifica are continued growth.The global nature gas market including the markets in North America,Europe and Asia Pacifica areas.The global natural gas market become more and more close,the every domestic market may be affected by the other country’s market.Currently,North America and Europe are already set up competitive nature gas markets and have their own regional gas trade hub.The price of nature gas in these two markets can reflect the real price.As there has no competitive nature gas markets,Asia countries are lacking of the control power of price in global market and the obviously “over-priced” exists and the market is unbalance in Asia Pacifica Region.The key points for Asia Pacifica market are to get the control power of price in global market and have a balance market.As the nature gas trade hubs set up and developing in the industry,the natural gas market becomes transparency and the price reflects the real market supply-demand,which attribute to the development of natural gas hubs in North America and Europe.As meanwhile,the participators will utilize the financial means provided by natural gas hubs to control the price risk which accelerate the development of natural gas.NYMEX and ICE,which are the pioneers of natural gas hub in the world,will be the models for other countries.With the economic growth and increased requirement of clean energy in China,China’s Natural Gas consumption becomes the largest consumer country in Asia,which is exceed Japan,and top three largest consumer country in the world.While the increasing of the natural gas consumer in China,China’s dependence on foreign market and the impact from international market fluctuation is increasing.In order to develop a better natural gas market and obtain the competitive source of nature gas,China need to set up the a Natural Gas Trade Hub for Asia Pacific Region.This paper is based on the research results on gas hub and natural gas market innovation,chose the price of gas hub in North America and Europe to research the how the gas hub affect the natural gas price and study the international successful experience.At last,based on the analysis and results,the paper gives the suggestions for how to develop a Natural Gas Trade Hub for Asia Pacific Region in China.