Primary Program
About
Kang is the program director for Markets and Industrial Development at KAPSARC, with many years of energy research and consulting experience. His ongoing research covers a variety of issues related to economic, energy (particularly oil and gas) and environmental developments in China and the rest of the Asia-Pacific region. Kang speaks at international conferences, forums, workshops and training programs, and his research has been cited by international media, including Time magazine, the Wall Street Journal, New York Times, the Asian Wall Street Journal, International Herald Tribune, Far Eastern Economic Review, Financial Times, Reuters, Voice of America, BBC, CNBC and others. In 2003, Kang testified before the U.S.-China Economic and Security Review Commission on Capitol Hill in Washington, D.C. on the impact of China’s energy sector and market developments on the rest of the world. He is the author and co-author of numerous company studies, journal articles, research papers, project reports, books, chapters and other publications.
Publications
23 January 2020
Placing a Value on Spot Sales from a Joint Oil Stockpiling FacilityIn this paper, joint oil stockpiling (JOS) refers to a commercial arrangement whereby crude oil, owned and commercially traded by an exporting country, is stored in an importing country in exchange for priority drawdown by the host country in the event of an emergency. It can t...
16 January 2020
The Value of Spot Sales to a Producing Country Subject to Production QuotasIn recent years, global oil markets have experienced intensified competition driven by growing surpluses of lighter crude and shale oil. As their margins have shrunk, many producers have increased output in order to boost revenue, adding to the oversupply. Meanwhile, global market dy...
18 December 2019
Securing New Markets in Asia: The Value of Strategic Spot Crude Oil Sales to Teapot RefinersIn the race to secure customers on competitive world oil markets, many oil producers are looking to China as a promising source of increased market share. The task of securing new customers in China can be challenging, as most of China’s recent growth in oil demand has come from ‘tea...
28 May 2019
An Economic Analysis of China’s Domestic Crude Oil Supply Policies
- The level of uneconomic oil production in China is highly sensitive to the international oil price. At $50/bbl about 9 million tonnes of domestic supplies are foun...
- Rising crude oil import prices since mid-2017 may allow policymakers to further deregulate China’s domestic oil sector.
15 November 2018
Assessing the Impact of Natural Gas on Natural Gas Liquids: Policy Challenges and ImperativesNGLs may present a silver lining to the future of natural gas, given their close links. The power sector is usually considered the principal driver of future demand growth. However, natural gas is likely to have a bigger role to play in future, given the essential role of NGLs i...
24 May 2018
The Economic Impact of Price Controls on China’s Natural Gas Supply ChainDespite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain heavily monopolized or controlled by the government. To assess how such distortions impact the market, we developed a Mixed Complem...
