Oil and gas

Under the framework of Energy Security Initiative, APEC has long endeavored to promote energy trade and investment. Consensus have been reached on the promotion of well-functioning energy markets progressively characterized by free and open trade, secure and transparent frameworks for investment, market-based price signals, market transparency, good governance and effective competition. Currently Asia`s natural gas market is characterized by its complicated and scattered nature. In the APEC region, the main challenges for LNG development are the pricing mechanism and fluctuating demand. Oil-linked pricing has resulted in Asian Premium; in addition, since LNG demand in the APEC region faces seasonal fluctuation, market flexibility is crucial to LNG supply security. As Asia is the most prosperous region in terms of LNG trade, accounting for 70% of global LNG market, LNG will have a greater impact on regional energy security and energy development in the foreseeable future. Therefore, the workshop aims to provide a platform for comprehensive dialogues on LNG developments, trade obstacles and regional trading mechanism among the most important current and future LNG suppliers and consumers in the region. Experts of member economies, international organizations, and regional LNG trading hub will be invited to share their views on the prospect of LNG trade in the region. A two-day workshop with one-day visit will be held in July in Taipei, Chinese Taipei.

Taiwan