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Cooperation risk of oil and gas resources between China and the countries along the Belt and Road

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  • Zhao, Laijun
  • Li, Deqiang
  • Guo, Xiaopeng
  • Xue, Jian
  • Wang, Chenchen
  • Sun, Wenjun

Abstract

China is deepening the cooperation of oil and natural gas resources with the countries along the Belt and Road (B&R) with the implementation of the Belt and Road Initiative (BRI). However, the risks to China’s energy associated with this cooperation must be considered due to the large differences in economic and political characteristics among these countries. In this paper, four risk indexes (political, economic, social stability, resource and environmental risk) are considered to evaluate the cooperation between China and B&R countries for oil and gas resources, and we use an improved-entropy TOPSIS method to rank the 28 B&R countries. We then classify the cooperation risk into four levels (from very high to very low) by using cluster analysis, and propose countermeasures for mitigating these risks. The results can provide a decision reference for the Chinese government and for oil and gas resource enterprises to improve cooperation with the B&R countries.

Suggested Citation

  • Zhao, Laijun & Li, Deqiang & Guo, Xiaopeng & Xue, Jian & Wang, Chenchen & Sun, Wenjun, 2021. "Cooperation risk of oil and gas resources between China and the countries along the Belt and Road," Energy, Elsevier, vol. 227(C).
    • Handle: RePEc:eee:energy:v:227:y:2021:i:c:s0360544221006940
    DOI: 10.1016/j.energy.2021.120445
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    2. Wei, Zhaohao & Chai, Jian & Dong, Jichang & Lu, Quanying, 2022. "Understanding the linkage-dependence structure between oil and gas markets: A new perspective," Energy, Elsevier, vol. 257(C).
    3. Wang, Changjian & Miao, Zhuang & Chen, Xiaodong & Cheng, Yu, 2021. "Factors affecting changes of greenhouse gas emissions in Belt and Road countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 147(C).
    4. Guo, Yaoqi & Zhao, Boya & Zhang, Hongwei, 2023. "The impact of the Belt and Road Initiative on the natural gas trade: A network structure dependence perspective," Energy, Elsevier, vol. 263(PD).
    5. Xixi Du & Yi Qin & Chunbo Huang, 2022. "Status and Prospect of Ecological Environment in the Belt and Road Initiative Regions," IJERPH, MDPI, vol. 19(24), pages 1-20, December.
    6. Jia, Weidong & Gong, Chengzhu & Pan, Kai & Yu, Shiwei, 2023. "Potential changes of regional natural gas market in China amidst liberalization: A mixed complementarity equilibrium simulation in 2030," Energy, Elsevier, vol. 284(C).
    7. Zhai, Wei, 2023. "Risk assessment of China's foreign direct investment in "One Belt, One Road": Taking the green finance as a research perspective," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).

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