We analyse the deficiencies behind the Eastern Australian gas market by applying a framework proposed by the International Energy Agency. We show that this gas market has structural weaknesses that include inadequate supplies at hubs; limited pipeline capacity; predominance of long‐term gas supply contracts; deficiencies in design; and difficulties with third party access. We provide five policy actions to help remedy these deficiencies and to help establish a functional gas market. Although our study is limited to Australia, it, nevertheless, provides insights for countries in the Asia Pacific region, which may wish to move towards more competitive gas markets, including trading hubs.

中文翻译：

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改革东澳大利亚天然气市场

我们通过应用国际能源署提出的框架来分析东澳大利亚天然气市场背后的不足。我们表明，这个天然气市场存在结构性的弱点，包括枢纽的供应不足。管道能力有限；长期天然气供应合同的优势；设计上的缺陷；以及第三方访问的困难。我们提供了五项政策措施来帮助纠正这些缺陷并帮助建立功能性天然气市场。尽管我们的研究仅限于澳大利亚，但它仍然为亚太地区的国家提供了见解，这些国家可能希望向更具竞争性的天然气市场迈进，包括贸易枢纽。