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Sino-Russian Oil and Gas Cooperation: The Reality and Implications


  • Paik, Keun-Wook

    (Senior Research Fellow, Oxford Institute for Energy Studies)


This book analyses the evolution of Sino-Russian oil and gas cooperation during the 1990s and 2000s. It describes how China has become a large importer of Russian oil, but not of its gas, and gives an explanation as to why this curious contrast has developed. The author argues that, given the two countries' energy endowments and needs, it has been almost inevitable that there should be a considerable amount of Sino-Russian oil and gas cooperation, but concludes that the imperatives of oil cooperation were much more powerful than those relating to gas. The book examines the progress of oil and gas exploration and development in East Siberia and Russia's Far East, and estimates the amount of oil and gas that Russia could export from these regions to China and Northeast Asian countries. It also provides a parallel analysis of China's potential to be a large scale importer of oil and gas and presents a detailed account of its dealings with the Central Asian Republics. This in-depth evaluation reveals the differences in the characteristics of the oil and gas sectors that have led to such contrasting outcomes. The final part of the book predicts the likely evolution of Sino-Russian oil and gas cooperation and the national, regional, and global consequences.

Suggested Citation

  • Paik, Keun-Wook, 2012. "Sino-Russian Oil and Gas Cooperation: The Reality and Implications," OUP Catalogue, Oxford University Press, number 9780199656356.
  • Handle: RePEc:oxp:obooks:9780199656356

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    References listed on IDEAS

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    6. Kapp, K William, 1970. "Environmental Disruption and Social Costs: A Challenge to Economics," Kyklos, Wiley Blackwell, vol. 23(4), pages 833-848.
    7. Kolstad, Charles D & Ulen, Thomas S & Johnson, Gary V, 1990. "Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements?," American Economic Review, American Economic Association, vol. 80(4), pages 888-901, September.
    8. Hahn, Robert W., 1989. "A new approach to the design of regulation in the presence of multiple objectives," Journal of Environmental Economics and Management, Elsevier, vol. 17(2), pages 195-211, September.
    9. Burrows, Paul, 1999. "Combining regulation and legal liability for the control of external costs," International Review of Law and Economics, Elsevier, vol. 19(2), pages 227-244, June.
    10. Skogh, Goran, 1982. "Public insurance and accident prevention," International Review of Law and Economics, Elsevier, vol. 2(1), pages 67-80, June.
    11. Mishan, E J, 1971. "The Postwar Literature on Externalities: An Interpretative Essay," Journal of Economic Literature, American Economic Association, vol. 9(1), pages 1-28, March.
    12. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics,in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435 Elsevier.
    13. A. Meltzer & Peter Ordeshook & Thomas Romer, 1983. "Introduction," Public Choice, Springer, vol. 41(1), pages 1-5, January.
    14. Donald N Dewees, 1992. "The Comparative Efficacy of Tort Law and Regulation for Environmental Protection*," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 17(4), pages 446-467, October.
    15. Schwartz, Alan & Wilde, Louis L., "undated". "Intervening in Markets on the Basis of Imperfect Information: A Legal and Economic Analysis," Working Papers 235, California Institute of Technology, Division of the Humanities and Social Sciences.
    16. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213-213.
    17. A. P. Thirlwall, 1983. "Introduction," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 5(3), pages 341-344, March.
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    Cited by:

    1. Catherine Locatelli, 2015. "Les échanges gaziers entre la Russie et la Chine à l’ aune de leur sécurité énergétique," Post-Print hal-01206226, HAL.
    2. Keun-Wook Paik, 2013. "The role of Russian gas in China’s energy supply strategy," Asia Europe Journal, Springer, vol. 11(3), pages 323-338, September.
    3. Motomura, Masumi, 2014. "Japan’s need for Russian oil and gas: A shift in energy flows to the Far East," Energy Policy, Elsevier, vol. 74(C), pages 68-79.
    4. Catherine Locatelli, 2015. "La question du gaz dans les relations entre l'UE, la Russie et l'Ukraine," Post-Print hal-01174452, HAL.
    5. Catherine Locatelli & Mehdi Abbas & Sylvain Rossiaud, 2015. "Russia and China hydrocarbon relations A building block toward international hydrocarbon regulation?," Working Papers hal-01246346, HAL.
    6. repec:eee:enepol:v:107:y:2017:i:c:p:403-412 is not listed on IDEAS

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