ASSESSMENTS
Natural Gas Competition, Part 2: A Shift in Asian Markets
Dec 11, 2012 | 11:45 GMT
Liquified natural gas plant near the Russian island of Sakhalin
NATALIA KOLESNIKOVA/AFP/Getty Images
Summary
Editor's Note: This is part two in a series on Russia's and Qatar's competition in natural gas markets. Part 1 discussed the countries' competition in the British market.
A series of critical changes in Japan's natural gas market is creating opportunities for alternative suppliers of natural gas to the archipelago. As in the European market, shifting regional dynamics have prompted Russia to increase its efforts to export to Asia, where Moscow will face strong competition.
Qatar's pre-existing command of the export market for liquefied natural gas has so far allowed it to move more quickly than Russia to consolidate and expand its presence in Japan and other large Asian markets. However, Moscow could challenge Doha by rapidly investing the capital necessary to take advantage of its comparative advantage in piped natural gas.
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