Can Natural Gas Play an Important Role in the Energy Transition in Asia in the Future?

Minh Thong Le (), Thanh Thuy Nguyen (), Tran Van Hiep (), Thi Kim Ngan Nguyen () and Huu Tung Do ()
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Minh Thong Le: Hanoi University of Mining and Geology, Vietnam
Thanh Thuy Nguyen: Hanoi University of Mining and Geology, Vietnam
Tran Van Hiep: Hanoi University of Mining and Geology, Vietnam
Thi Kim Ngan Nguyen: Hanoi University of Mining and Geology, Vietnam
Huu Tung Do: Hanoi University of Mining and Geology, Vietnam

Eurasian Journal of Business and Management, 2019, vol. 7, issue 4, 28-36

Abstract: Asia has been the region with the world’s fastest growing economies in decades, and it continues to lead global growth in the future. The rapid economic growth has led to a huge demand for energy. However, this problem faces enormous environmental problems, climate change and global warming, in particular. Therefore, the transition energy from traditional energy to clean energy sources, renewable energy is imperative and to be inevitable trend in the future. With cleaner properties than oil and coal, natural gas can be seen as an important bridge in the transition energy process towards a low-carbon economy in Asia. Despite the fact that there are a lot of controversies and uncertainties about the development of natural gas in Asia, there are many reasons for us to believe that natural gas will play an important role in the energy mix in Asia in the future, such as the development of unconventional gas, the development of natural gas and LNG markets, environmental and climate policies, or the decline in energy prices. This paper will show the favorable condition to explain why natural gas can play an important role in the energy transition in Asia. Keywords: Natural Gas, Energy Transition, Energy, Environment Journal: Eurasian Journal of Business and Management

Date: 2019
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