Analysis of the Market Position of Natural Gas in China Based on Energy Production and Consumption Elasticity
In this paper, five different energy of cross price elasticity were calculated, the substitutional relation between different energy sources in China were discussed. The status of natural gas in energy market was analysed. The results show that only LNG take a role of complements to natural gas, while electricity, gasoline, diesel oil and coal have alternative relations with natural gas. Besides,electricity has the strongest ability to substitute natural gas. Conversely, if it is possible for natural gas to replace other energy sources , LNG will be the best substitute and be followed by gasoline,diesel oil,and power. And the natural gas has the weakest ability to substitute coal in China.
C. M. Zhang and S. N. Peng, "Analysis of the Market Position of Natural Gas in China Based on Energy Production and Consumption Elasticity", Advanced Materials Research, Vols. 343-344, pp. 212-215, 2012