Mitigating Extreme Volatility of LNG Prices in ASEAN: Impacts of High LNG Prices on Southeast Asia

Hiroshi Hashimoto and Phoumin Han

No 2023-RPR-29 in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: The issue of methane emissions has garnered increased attention in recent years, with a focus on the natural gas value chain as a 'low-hanging fruit' for emission reductions. This emphasis has grown significantly, especially after the global gas crisis in 2022, highlighting the importance of sustainability in natural gas supply alongside considerations for supply security. The objective of this study is to formulate a resilient strategy addressing the methane emission issue throughout the natural gas value chain, particularly in the ASEAN region — a pivotal player in the global natural gas business. Key recommendations of the study revolve around several crucial issues. These include highlighting ASEAN's influence in global methane emissions management and energy security, emphasising the need to standardise and harmonise methane emission measurement guidelines to enhance accuracy and management, and recognising the valuable role of Japanese companies' expertise in expediting methane emissions management in the ASEAN region.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:era:eriabk:2023-rpr-29

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