【Speaker】：Dr. Xun-peng Shi(Energy Studies Institute National University of Singapore)

【Title】：Plan of gas trading hubs and hub pricing in East Asia: pricing power and competition

【Time】：9:30am, Mar30th, 2015

【Location】：CEEP-BIT, 6th Floor

【About Report】：
　　Most LNG to East Asia was traded under oil indexed contracts despite LNG arrives to East Asian region from various countries of origin. The current price mechanisms faces a few major criticisms, such as failure to reflect East Asia’s own market fundamentals and the “Asia Premium”. Because of the perceived benefits and opportunities to create trading hubs and benchmark prices, many East Asian countries have planned to create its own regional gas trading hubs that can generate prices based on gas-to-gas competition reflecting the region’s own supply and demand fundamentals. Given the significance of East Asia in the World’s LNG market, a change of pricing mechanisms, if succeeded, will have profound impact on the international gas market. This presentation will address the following issues: pricing of gas and LNG trade in East Asia and the region’s emerging competition for gas/LNG trading hubs and hub-based benchmark pricings; illustrative impact of alternative benchmark pricings on gas and LNG trade in East Aisa; and the potential roles of regional collaboration and cooperation.

【About Reporter】：
　　Dr. Xunpeng Shi is a Senior Research Fellow at Energy Studies Institute National University of Singapore. Until recently, he was the Chief Researcher for Energy Efficiency and Conservation at the Brunei National Energy Researcher Institute. Previously, he was an energy economist in the Economic Research Institute for ASEAN and East Asia (ERIA), a Jakarta based international think-tank to support ASEAN and East Asian Summit (EAS). Before he started his PhD, he had various management and research positions in China’s leading energy institutes, companies and central government agencies. He has published in leading journals on energy, environmental and development economics and policy with regional focuses on China, ASEAN and East Asia. His current research interests include Gas Trading Hubs and Hubs Pricing in East Asia, China’s Gas Market Liberalization, Energy Efficiency Rebound Effect and Financing Renewable Off-grids Projects in ASEAN．He is also an Associate Editor for Journal of Management in Modelling. He obtained his PhD of Economics and Master of Environmental and Resource Economics from the Australian National University, LLM in Mineral Law and Policy form University of Dundee and Bachelor in Marketing from China University of Mining and Technology.