Natural Gas Policy in the Era of Low-Carbon Energy Transition

  • The paper looks at contested a nature of natural gas and policies attached to it from a comparative political economy perspective. Natural gas has emerged as a leading fuel in the era of low-carbon economy and energy transition. With burgeoning and increasingly globalising liquified natural gas (LNG), advent of the floating LNG (FLNG) and increased competition in existing trading structures, the blue fuel is making way in the global energy policy discussion. Emerging natural gas markets in conjunction with need to defuse geopolitical challenges stemming from challenges associated with ‘conventional’ natural gas transit have witnessed differing gas policies. In some regions natural has been seen as an energy security panacea while, in other places, it has been scrutinised being viewed as yet another hydrocarbon. This, coupled with market and environmental concerns have framed natural gas as a ‘bridging fuel’ while possibly postponing transition onto a ‘green energy’ pathway. Drawing on examples from Europe, Asia, Northern America, Australia and South-East Asia the paper puts natural gas in context of low-carbon energy policy while making an attempt to explore some possible research questions for collaboration.

 

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