Australia has been a major Liquefied Natural Gas (LNG) exporter in the Asia Pacific region for over 25 years. Canada is currently looking to enter the Asian LNG market, with at least 18 LNG projects currently under proposal. In this report, N. Ross Lambie and R. Quentin Grafton review the challenges, risks, and opportunities experienced by the Australian LNG industry and the anticipated changes in the industry as more countries enter the market as exporters.
This report was prepared for the Asia Pacific Foundation of Canada in partnership with the Australian Pacific Economic Cooperation Committee (AUSPECC)
Prepared by: R. Quentin Grafton and N. Ross Lambie, Crawford School of Public Policy, The Australian National University
An expert on banking and financial intermediation, Professor John Kimball Dietrich (University of Southern California Marshall School of Business) has passed away on 25 January. Kim is survived by his wife, USC Marshall Professor Judith Blumenthal, two children, and five grandchildren. Kim was one of the pioneers in thinking about Asia-Pacific cooperation on financial policy issues bringing his considerable expertise on the development of the US financial markets to enrich discussions on the future of finance in Asia.
Kim’s style and knowledge were much appreciated at a time of great uncertainty following the Asian financial crisis, and his contributions focused on the development of debt capital markets provided a rich source of ideas influencing a future vision of the region. In particular, his work focused on trying to think of ways to improve sources of domestic funding for small and medium companies in the region to provide more stable sources of funding with exposure to the...
According to the State of the Region 2014-2015 report released from Beijing, China on November 7th 2014 during the APEC Leaders' Week, the region needs to undertake significant reforms over the coming months and years to maintain its strong growth. PECC’s annual survey of the regional policy community identified technological innovation; policy reform; trade (to both emerging and advanced economies); and investment in infrastructure as the future drivers of growth over the next 5-10 years. These engines are needed to replace the region’s reliance on exports as the primary engine of growth.
The most important factors identified by the annual PECC survey for future growth prospects of the region were: the success of structural reforms in China, further liberalization and improvements to the rule of law. These factors were echoed throughout the survey findings which placed a slowdown in the Chinese economy; a lack of political leadership in the region; and failure to implemen...Read more...
Year 2014 marked the 25th anniversary of APEC and twenty years since the Bogor Goals were launched. PECC, having paved the way for APEC's establishment, took the opportunity of its annual Singapore conference to reflect on how the global landscape has evolved since and to consider what the 'new priorities' of APEC might be. This report contains contents of the discussions held during the plenary sessions as well as keynote speeches by Mr. Lim Hng Kiang (Minister for Trade and Industry, Singapore), Mr. La Yifan (Vice Chairman, APEC SOM and Under Secretary-General, National Organizing Committee for APEC 2014, Ministry of Foreign Affairs, China), and Dr. Bambang Permadi Soemantri Brodjonegoro (Vice Minister for Finance, Indonesia).
Download the publication (PDF, 2.27MB)Read more...
The Singapore National Committee for Pacific Economic Cooperation (SINCPEC) and the Philippine Pacific Economic Cooperation Committee (PPECC) are co-organizing annual Singapore PECC conference in support of APEC 2015 chaired by the Philippines.
During the APEC Leaders’ Meeting held in Beijing in November 2014, key decisions were taken to make progress on key elements of the regional agenda, including on a Free Trade Area of the Asia-Pacific (FTAAP) and improving connectivity. The challenge is how regional economies can implement these plans to ensure that regional growth is not only sustainable but also inclusive.
The conference will consist of five plenary sessions on the following themes:
1) Asia-Pacific Economic Cooperation in a Changing Global Context: Risks and Opportunities
2) Inclusive Growth: Building Capacity at Individual and Community Levels
3) Connectivity and Regional Economic Integration: Reaping the Benefits of Economic Integration
PECC Statement for APEC Ministerial Meeting 2014 | Beijing, China | November 2014
PECC Update for APEC CSOM 2014 | Beijing, China | November 2014
State of the Region 2014-2015 (pdf, 500KB)
Executive Summary from Energy Transition Seminar | Santiago, Chile | June 2014
PECC Update for APEC SOM3 | Beijing, China | August 2014
PECC Statement for APEC Ministers Responsible for Trade (MRT) | Qingdao, China | 18 May 2014
India into APEC: Three APEC reasons why
Malcolm Cook, Senior Fellow, Institute of Southeast Asian Studies