Development of Europe's gas hubs: Implications for East Asia

摘要: Abstract Gas trading hubs have been initially developed in the US 1980s, UK 1990s, more recently European 2000s and mulled East Asia now. Due to its freshness diversification nationality, governance culture, hub experience can offer valuable lessons for Asia. This paper seeks advance understanding of gas development Europe provide The highlights that market liberalization transition pricing mechanism are necessary creating competitive markets needed functional hubs. Political will regulations further safeguard competition environment development. Natural factors, such as significant domestic production culture could a impact on mechanism. In Asia, path might be difficult than but growing creates an opportunity start new terms with contracts. Nevertheless, Asian needs work hard indigenous or LNG