Prospects for the Development of Primary Energy Markets in the Asia-Pacific Region: The Potential Place for Russian Resources
The current situation in the oil, natural gas and coal markets in the Asia-Pacific region has been analyzed by the author. It is shown that the potential for increasing the share of Russian energy resources may be due to the redistribution of the shares of the main suppliers as oil imports diversify, primarily in Japan and the Republic of Korea; in the natural gas market – increasing the volume of pipeline supplies of natural gas to China in accordance with the current long-term contract and the redistribution of Indonesia’s share in the market; in the coal market – the redistribution of Indonesia’s share due to the advantages in coal quality. Price and infrastructure constraints for increasing the supply of Russian energy resources to the Asia-Pacific region have been noted, too