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Natural gas as a clean energy, in the Asia Pacific region's status has become increasingly important, especially in the use of energy security and economicsecurity, environment coordination development exerted a great influence.However, further expand the influence, need natural gas market and global marketin the Asia Pacific region to establish closer ties. The International Energy Agencyreleased the "Asian countries how to build natural gas trading center" report(hereinafter referred to as the "report") pointed out, the future of natural gas in theAsia Pacific position will directly depend on its pricing compliance with marketsupply and demand relations and subsequently instant change.
The lack of transparency in the natural gas pricing mechanism
At present, the Asia Pacific region is mainly affected by the impact of oil price of natural gas, and more for the long-term supply contract. The developed countries hope that through such an long-term contract, guarantee the energy supply, thus ensuring its rapid economic development. At the same time, natural gas supply is also expected to be stable returns, to meet its pipeline, equipment investment of infrastructure construction.
In recent years, this kind of pricing model that the Asia Pacific region of natural gas price is far higher than other parts of the world, people continue to necessityproduced strong doubts about this mode. In order to expand the market share,natural gas should be at its input regions or countries other than energy morecompetitive price. However, in the Asia Pacific region, the lack of a market, the pricing of natural gas transparent mechanism, precisely the lack of capable of organizing trade in natural gas platform.
"Report" pointed out that the establishment of natural gas trading center in the Asia Pacific region, the natural gas pricing power back to the market, to ensure the legitimacy and transparency of its price, the maximum to avoid interferencepolicy, increase the confidence of investors, which for the capital intensive industryis particularly important.
It is necessary for the government to "non intervention"
A reasonable natural gas price belongs to the Asia Pacific region also needcooperation in many aspects, including the establishment of a healthy market competition relations between countries and regions, this can attract more market participants, and through the trading center to adjust their investment portfolio.
During this period, the government of "non intervention" is also very necessary.
Although natural gas trading center seems necessary and a bright future, but its development will be restricted. Because the natural gas as an energy source, in the eyes of the government is not the ordinary business products, the more time is seen as the protection of national security, the number of transactions and prices do not completely by market.
The particularity of the natural gas trade in the Asia Pacific region is still in the area through the pipeline trading natural gas quantity is limited, its for the global LNG supply chain has more and more dependent. In the past ten years, due to thefierce competition of liquefied natural gas production, finance globalization and the globalization of the the Atlantic region, natural gas price adjustment cycle shorter,more flexible mechanism.
However, influenced the development of the Atlantic area on the price of natural gas in Asia Pacific limited. Natural gas supply and market competition of the Asia Pacific region needs more flexible, more timely reaction. For example, to expand the scope of natural gas transportation, establish third party and gas chemical plant, even according to the specific circumstances of market segmentation of relaxing some requirements in the supply contract.
The "report" point out, is not a short period of time and the establishment of the Asia Pacific region natural gas trading center will be completed, also does not necessarily bring lower prices, but it will certainly be able to natural gas market in the Asia Pacific region mature play an active role and should be given the full support of the government. At present, Singapore has established a natural gastrading center, although small, not enough to affect the entire Asia Pacific region'snatural gas market, but its successful operation shows that one can adapt to thechanges of global supply of regional market is highly competitive.