Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies
Energy transition has been a global trend for decades, but very little literature can be found on how energy shipping is affected. Particularly, the coal-to-gas transition of China has intensified the nation's reliance on Liquefied Natural Gas (LNG) shipping import, especially through a strateg...
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sg-ntu-dr.10356-1624522022-10-19T06:16:35Z Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies Yin, Yuwei Lam, Jasmine Siu Lee School of Civil and Environmental Engineering Engineering::Maritime studies Energy Transition LNG Shipping Energy transition has been a global trend for decades, but very little literature can be found on how energy shipping is affected. Particularly, the coal-to-gas transition of China has intensified the nation's reliance on Liquefied Natural Gas (LNG) shipping import, especially through a strategic maritime link, the Straits of Malacca and Singapore (SOMS). If the SOMS is blocked in conflicts or incidents, energy supplies of China will be disrupted. Driven by practical significance and the literature gap, a case study of China is formulated to investigate how shocks in natural gas supply and demand will impact LNG shipping import volumes of China and its reliance on the SOMS, especially in the context of energy transition and the Belt and Road Initiative (BRI). An innovative System Dynamics model is developed to simulate natural gas supply and demand of China based on historical data, policies, and market information (i.e. energy prices, BRI projects and LNG contracts). It is recommended for China to create financial incentives to support renewable energy and shale gas development, enhance natural gas pipeline utilization and encourage overseas LNG infrastructure investments. BRI members are recommended to diversify export routes, expanding shares in global pipeline natural gas and LNG markets. 2022-10-19T06:16:35Z 2022-10-19T06:16:35Z 2022 Journal Article Yin, Y. & Lam, J. S. L. (2022). Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies. Transport Policy, 115, 262-274. https://dx.doi.org/10.1016/j.tranpol.2021.11.008 0967-070X https://hdl.handle.net/10356/162452 10.1016/j.tranpol.2021.11.008 2-s2.0-85119924815 115 262 274 en Transport Policy © 2021 Elsevier Ltd. All rights reserved. |
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Engineering::Maritime studies Energy Transition LNG Shipping Yin, Yuwei Lam, Jasmine Siu Lee Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies |
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Energy transition has been a global trend for decades, but very little literature can be found on how energy shipping is affected. Particularly, the coal-to-gas transition of China has intensified the nation's reliance on Liquefied Natural Gas (LNG) shipping import, especially through a strategic maritime link, the Straits of Malacca and Singapore (SOMS). If the SOMS is blocked in conflicts or incidents, energy supplies of China will be disrupted. Driven by practical significance and the literature gap, a case study of China is formulated to investigate how shocks in natural gas supply and demand will impact LNG shipping import volumes of China and its reliance on the SOMS, especially in the context of energy transition and the Belt and Road Initiative (BRI). An innovative System Dynamics model is developed to simulate natural gas supply and demand of China based on historical data, policies, and market information (i.e. energy prices, BRI projects and LNG contracts). It is recommended for China to create financial incentives to support renewable energy and shale gas development, enhance natural gas pipeline utilization and encourage overseas LNG infrastructure investments. BRI members are recommended to diversify export routes, expanding shares in global pipeline natural gas and LNG markets. |
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School of Civil and Environmental Engineering |
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School of Civil and Environmental Engineering Yin, Yuwei Lam, Jasmine Siu Lee |
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Article |
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Yin, Yuwei Lam, Jasmine Siu Lee |
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Yin, Yuwei |
title |
Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies |
title_short |
Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies |
title_full |
Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies |
title_fullStr |
Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies |
title_full_unstemmed |
Impacts of energy transition on liquefied natural gas shipping: a case study of China and its strategies |
title_sort |
impacts of energy transition on liquefied natural gas shipping: a case study of china and its strategies |
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2022 |
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https://hdl.handle.net/10356/162452 |
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