default Prospects for Transpacific Energy Trade Popular

Published on 29 September 2011 By Mr Eduardo Pedrosa 823 downloads

Even though oil and gas is the most traded product in the Asia-Pacific region, there is virtually no energy trade across the Pacific. The major energy importing countries of Northeast Asia source their oil and gas largely from the Middle East, Southeast Asia and Australia, while the United States imports energy from the Americas, West Africa, and the Middle East. The segmentation of energy markets between Asia and the Americas is seen in the sharp price differential for natural gas between the two regions, and – more recently – in a price  differential for crude oil as well. A number of developments in recent years have raised the possibility of transpacific trade in oil and gas, and the emergence of a more integrated and competitive market in energy products in the Asia-Pacific region. Author: Tilak Doshi and Nahim Bin Zahur Year: 2011 Source: State of the Region Type: Publication