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China and the Geopolitics of Oil in the Asian Pacific Region

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  • Pablo Bustelo

    (Elcano Royal Institute for International & Strategic Studies & Complutense University of Madrid)

Abstract

China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the Asian Pacific region. The recent growth in oil consumption, combined with forecasts of increased oil imports (especially from the Middle East), have led to deep concern among Chinese leaders regarding their country’s energy security. They are responding in a number of different ways. In particular, they are determined to increase the security and reliability of oil imports by searching for new sources of supply, and to control purchases and transport lanes, while boosting national production at any cost. This is already causing tension and could lead to further disputes with the US and other big oil consumers, such as Japan and India, as well as with other Asian Pacific countries. However, enhanced cooperation among the big East Asian economies (China, Japan and South Korea) is also a possibility. This document first of all presents an overview of China’s energy sector, emphasising the strong growth in its energy demand to date and its potential for future growth. Secondly, we look at the oil sector, highlighting China’s growing dependence on imports. The third part deals with the Chinese perception of energy security in the oil sector. Finally, the fourth part focuses on the geopolitical implications for the Asian Pacific region of China’s search for oil.

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File URL: http://128.118.178.162/eps/othr/papers/0511/0511005.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Others with number 0511005.

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Length: 33 pages
Date of creation: 20 Nov 2005
Date of revision:
Handle: RePEc:wpa:wuwpot:0511005

Note: Type of Document - pdf; pages: 33
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Web page: http://128.118.178.162

Related research

Keywords: China; energy consumption; energy production; oil consumption; oil production; oil imports; East Asia;

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  1. Salameh, Mamdouh G., 2003. "Quest for Middle East oil: the US versus the Asia-Pacific region," Energy Policy, Elsevier, vol. 31(11), pages 1085-1091, September.
  2. World Bank, 2005. "The Little Green Data Book 2005," World Bank Publications, The World Bank, number 12427, October.
  3. Paul Crompton & Yanrui Wu, 2004. "Energy Consumption in China: Past Trends and Future Directions," Economics Discussion / Working Papers 04-22, The University of Western Australia, Department of Economics.
  4. World Bank, 2005. "The Little Data Book 2005," World Bank Publications, The World Bank, number 12428, October.
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