The Factors of Interfuel Competition and Energy Balance in Asian Region

The search for opportunities to optimize the use of different types of energy and inter-fuel competition is accompanied by the development of energy throughout the entire period of human history. We conduct analysis of modern period of inter-fuel competition. The energy sectors in most Asian countries are growing more rapidly than in other regions of the world. The structure of energy consumption in the region is very diverse and depends on many factors, including geographic, economic and political. The problem of energy consumption in Asia are interesting for the international community because of various reasons. On the one hand, growing Asian market opens new opportunities for energy exporters. On the other hand, the increase of energy consumption in developing Asia threaten all environmental safety agreements of developed countries to reduce greenhouse gas emissions. The main purpose of the study is to determine the factors influencing the conditions of inter-fuel competition and energy balance in Asia. Fuel competition differs greatly by sectors. The greatest opportunities for the replacement of fuels in transport and industry. Such power sector as household consumption is least sensitive to changes. In this study we conducted a sectoral analysis of the inter-fuel competition in China as in the most rapidly growing Asian economy.