As with many natural gas markets around the world, Asian gas markets typically developed as natural monopolies, built around national or private incumbent players that control supply and infrastructure in their home markets. Asian natural gas incumbents often manage the country's energy procurement needs, build infrastructure to support, and even develop and participate in their country's energy policy planning. Consequently, these companies have adopted vertically integrated business structures and dominated their respective gas markets across gas value chain. However, as the markets become more developed, ... (full story)