IDEAS home Printed from https://ideas.repec.org/p/imf/imfwpa/11-39.html
   My bibliography  Save this paper

Measuring Energy Security; Trends in the Diversification of Oil and Natural Gas Supplies

Author

Listed:
  • Prakash Loungani
  • Frederick L Joutz
  • Gail Cohen

Abstract

We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk.

Suggested Citation

  • Prakash Loungani & Frederick L Joutz & Gail Cohen, 2011. "Measuring Energy Security; Trends in the Diversification of Oil and Natural Gas Supplies," IMF Working Papers 11/39, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:11/39
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24662
    Download Restriction: no

    Other versions of this item:

    References listed on IDEAS

    as
    1. Cohen, Gail & Joutz, Frederick & Loungani, Prakash, 2011. "Measuring energy security: Trends in the diversification of oil and natural gas supplies," Energy Policy, Elsevier, vol. 39(9), pages 4860-4869, September.
    2. Chantale LaCasse & Andre Plourde, 1995. "On the Renewal of Concern for the Security of Oil Supply," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-24.
    3. Löschel, Andreas & Moslener, Ulf & Rübbelke, Dirk T.G., 2010. "Indicators of energy security in industrialised countries," Energy Policy, Elsevier, vol. 38(4), pages 1665-1671, April.
    4. Löschel, Andreas & Moslener, Ulf & Rübbelke, Dirk T.G., 2010. "Energy security--concepts and indicators," Energy Policy, Elsevier, vol. 38(4), pages 1607-1608, April.
    5. Serletis, Apostolos & Timilsina, Govinda & Vasetsky, Olexandr, 2009. "On interfuel substitution : some international evidence," Policy Research Working Paper Series 5026, The World Bank.
    6. Knut Einar Rosendahl & Eirik Lund Sagen, 2009. "The Global Natural Gas Market: Will Transport Cost Reductions Lead to Lower Prices?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 17-40.
    7. Le Coq, Chloé & Paltseva, Elena, 2009. "Measuring the security of external energy supply in the European Union," Energy Policy, Elsevier, vol. 37(11), pages 4474-4481, November.
    8. Gupta, Eshita, 2008. "Oil vulnerability index of oil-importing countries," Energy Policy, Elsevier, vol. 36(3), pages 1195-1211, March.
    9. Prakash Loungani, 2009. "The Elusive Quest for Energy Independence," International Finance, Wiley Blackwell, vol. 12(2), pages 291-299, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:11/39. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi). General contact details of provider: http://edirc.repec.org/data/imfffus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.