ASSESSING IMPACTS OF ENERGY TRANSITION ON ENERGY SECURITY OF CHINA: STRATEGIES AND CHALLENGES

Yuwei Yin and Jasmine Siu Lee Lam
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Yuwei Yin: School of Civil and Environmental Engineering, Nanyang Technological University, Singapore
Jasmine Siu Lee Lam: Maritime Energy and Sustainable Development Centre of Excellence, School of Civil and Environmental Engineering, Nanyang Technological University, Singapore

The Singapore Economic Review (SER), 2025, vol. 70, issue 01, 73-102

Abstract: This study pioneers in quantitatively evaluating policies and commercial strategies of China to facilitate its coal-to-gas transition, concerning their impacts on energy security, especially for Liquefied Natural Gas (LNG) import dependency and cost-effectiveness. An econometric approach is developed to examine the impacts of natural gas domestic production expansions, pipeline import expansions, and LNG price volatilities on LNG import. Empirical evidence reveals two challenges: (1) insufficient growth in domestic gas production to substitute and reduce import volumes via LNG shipping; (2) under increased import prices from major spot markets, LNG import volumes continued increasing, which implies cost ineffectiveness.

Keywords: Energy transition; energy security; China; liquefied natural gas (LNG); vector error correction modeling (VECM) (search for similar items in EconPapers)
JEL-codes: Q31 Q37 Q38 Q41 Q48 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1142/S0217590823500157

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