Analysis of the Market Position of Natural Gas in China Based on Energy Production and Consumption Elasticity

Ce Ming Zhang; Shi Ni Peng

doi:10.4028/www.scientific.net/AMR.343-344.212

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 343-344Analysis of the Market Position of Natural Gas in...

Analysis of the Market Position of Natural Gas in China Based on Energy Production and Consumption Elasticity

Abstract:

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.

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Periodical:

Advanced Materials Research (Volumes 343-344)

Pages:

212-215

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.343-344.212

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Online since:

September 2011

Authors:

Ce Ming Zhang, Shi Ni Peng

Keywords:

Cross Price Elasticity, Energy Consumption Elasticity, Energy Production Elasticity, LNG, Natural Gas

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