Reforming the Eastern Australian gas market

Xunpeng (Roc) Shi and R. Quentin Grafton
Authors registered in the RePEc Author Service: R. Quentin Grafton and 施训鹏

Asia and the Pacific Policy Studies from Crawford School of Public Policy, The Australian National University

Abstract: We analyse the deficiencies behind the Eastern Australian gas market by applying a framework proposed by the International Energy Agency. We show that this gas market has structural weaknesses that include inadequate supplies at hubs; limited pipeline capacity; predominance of long†term gas supply contracts; deficiencies in design; and difficulties with third party access. We provide five policy actions to help remedy these deficiencies and to help establish a functional gas market. Although our study is limited to Australia, it, nevertheless, provides insights for countries in the Asia Pacific region, which may wish to move towards more competitive gas markets, including trading hubs.

Keywords: competition; hub; LNG; market regulation; prices (search for similar items in EconPapers)
Pages: 10 pages
Date: 2018-10-08
New Economics Papers: this item is included in nep-ene and nep-reg
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Published in Asia & the Pacific Policy Studies, September 2018, pages 641-650

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Journal Article: Reforming the Eastern Australian gas market (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:een:appswp:201845

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