Security of Natural Gas Supply: Assessment of Asian and European Markets Based on GSSI Index

Natural gas is one of the hydrocarbon resources which is consumed vastly in the world. The Asian and European markets, facing with a growing demand of hydrocarbon resources especially natural gas, are the most important consuming markets. Hence, the security of natural gas supply is very important. Based on the estimation of Gas Supply Security Index (GSSI), the amount of vulnerability of selected economies to the potential shocks of natural gas supply is measured. The estimations results show that China and India in comparison with other Asian selected countries have good conditions and on the other hand, the United Kingdom is better than the other European selected countries.