Kan, S;
Chen, B;
Meng, J;
Chen, G;
(2020)
An extended overview of natural gas use embodied in world economy and supply chains: Policy implications from a time series analysis.
Energy Policy
, 137
, Article 111068. 10.1016/j.enpol.2019.111068.
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Abstract
As an extension of our previous study on natural gas use in world economy (Kan et al., Energy Policy 124 (2019) 215–225), this paper explores policy implications based on a time series analysis uncovering the evolution of natural gas use embodied in global supply chains during 2000-2011. Due to increasing gas supply from gas-rich regions to gas-scarce regions and outsourcing of energy-intensive industries, trade imbalance of embodied natural gas is intensifying globally, corresponding to strengthening gas resource relocation and environmental stress shift. Regarding trade patterns, EU and Russia remain the leading (net) importer and exporter of embodied gas, respectively. And global trade relations are diversifying over time, with more suppliers and recipients joining the international trade. Based on the New Policies Scenario provided by IEA, a long term forecast of embodied gas use illustrates need to prepare for a world with changing energy mix, with respect to growing availability of low-cost natural gas and robust demand growth coming from emerging economies, especially China, who is struggling to fight against air pollution through coal-to-gas switch. Potential room to expand natural gas utilization is also targeted, and the expansion requires coordination of all the agents in global supply chains.
| Type: | Article |
|---|---|
| Title: | An extended overview of natural gas use embodied in world economy and supply chains: Policy implications from a time series analysis |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.enpol.2019.111068 |
| Publisher version: | https://doi.org/10.1016/j.enpol.2019.111068 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Natural gas, Global supply chains, Trade imbalance, Resource relocation, Embodied energy |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment |
| URI: | https://discovery-pp.ucl.ac.uk/id/eprint/10088617 |
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