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Measuring the Security of External Energy Supply and Energy Exports Demand in Central Asia

Author

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  • Almaz Akhmetov

    (ENCA Management, Yessik, Kazakhstan and Department of Risk Engineering, Graduate School of System and Information Engineering, University of Tsukuba, Japan)

Abstract

Ensuring the security of the demand for energy exports and the supply of external energy is among the top priorities for Central Asian republics. This paper utilizes disaggregated risky external energy supply (REES) and risky energy exports demand (REED) indexes to measure the securities of energy supply and energy demand in the region. The results are compared to the indexes in the European Union (EU) and the Organization of Petroleum Exporting Countries (OPEC). Furthermore, this paper measures individual contribution of each Central Asian country to the regional risk exposure to disruptions of energy export demand and external energy supply. The REES indexes for coal and gas of Central Asian energy-importing countries are lower than in the EU, while the regional oil RESS index for oil is significantly higher than in the EU. The average REED indexes for both crude oil and gas are significantly lower than in OPEC economies

Suggested Citation

  • Almaz Akhmetov, 2015. "Measuring the Security of External Energy Supply and Energy Exports Demand in Central Asia," International Journal of Energy Economics and Policy, Econjournals, vol. 5(4), pages 901-909.
    • Handle: RePEc:eco:journ2:2015-04-01
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    References listed on IDEAS

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    1. Dike, Jude Chukwudi, 2013. "Measuring the security of energy exports demand in OPEC economies," Energy Policy, Elsevier, vol. 60(C), pages 594-600.
    2. Cho Khong, 2006. "Resources and energy security," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(02), pages 32-37, July.
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    Cited by:

    1. Azamat Amirov & Madina Kozhukhova & Gaukhar Koshebaeva & Valeryi Biryukov & Miras Zhiyenbayev, 2018. "Economic and Energy Security of the Republic of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 16-21.
    2. Pavlović, Darko & Banovac, Eraldo & Vištica, Nikola, 2018. "Defining a composite index for measuring natural gas supply security - The Croatian gas market case," Energy Policy, Elsevier, vol. 114(C), pages 30-38.
    3. Aliya Aktymbayeva & Arailym Orazgaliyeva & Aizhan Omarova & Anvar Tulaganov & Aigul Akhmetova & Yuliya Tyurina & Marija Troyanskaya, 2021. "The Central Asian Economies of Water-energy security: The Future Role of Hydro and Fuel-based Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 417-425.
    4. Marina V. Vasiljeva & Vadim V. Ponkratov & Elena Y. Kharlamova & Nikolay V. Kuznetsov & Maksim S. Maramygin & Maria V. Volkova, 2019. "Problems and Prospects of Development of the Oil Exchange Market in the Russian Federation," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 77-86.
    5. Liu, Zhen & Tang, Yuk Ming & Chau, Ka Yin & Chien, Fengsheng & Iqbal, Wasim & Sadiq, Muhammad, 2021. "Incorporating strategic petroleum reserve and welfare losses: A way forward for the policy development of crude oil resources in South Asia," Resources Policy, Elsevier, vol. 74(C).
    6. Yang, Yang & Liu, Zhen & Saydaliev, Hayot Berk & Iqbal, Sajid, 2022. "Economic impact of crude oil supply disruption on social welfare losses and strategic petroleum reserves," Resources Policy, Elsevier, vol. 77(C).
    7. Aleksei Valentinovich Bogoviz & Svetlana Vladislavlevna Lobova & Yulia Vyacheslavovna Ragulina & Alexander Nikolaevich Alekseev, 2017. "A Comprehensive Analysis of Energy Security in the Member States of the Eurasian Economic Union, 2000-2014," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 93-101.
    8. Qin, Jingxiu & Duan, Weili & Chen, Yaning & Dukhovny, Viktor A. & Sorokin, Denis & Li, Yupeng & Wang, Xuanxuan, 2022. "Comprehensive evaluation and sustainable development of water–energy–food–ecology systems in Central Asia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).
    9. Meiramkul Saiymova & Aliya Shakharova & Aliya Rakaeva & Madina Serikova & Aslan Tasmaganbetov & Yuliya Tyurina & Zhibek Bimagambetova, 2020. "Energy Security, Economics and Environment in the Eurasian Economic Union: Current and Future Scenarios," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 293-299.
    10. Gennady Osipov & Svetlana Karepova & Elena Chizhevskaya & Maxim Gnatyuk & Alexander Semin & Oksana Mikhayluk, 2018. "Directions To Improve The Effectiveness Of Russia s Energy Export Policy," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 227-239.

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    More about this item

    Keywords

    Energy Security; Central Asia; Energy Export and Supply;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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