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China and the Geopolitics of Oil in the Asian Pacific Region

Author

Listed:
  • 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.

Suggested Citation

  • Pablo Bustelo, 2005. "China and the Geopolitics of Oil in the Asian Pacific Region," Others 0511005, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpot:0511005
    Note: Type of Document - pdf; pages: 33
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/othr/papers/0511/0511005.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2005. "The Little Green Data Book 2005," World Bank Publications, The World Bank, number 12423, July.
    2. Crompton, Paul & Wu, Yanrui, 2005. "Energy consumption in China: past trends and future directions," Energy Economics, Elsevier, vol. 27(1), pages 195-208, January.
    3. 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.
    4. World Bank, 2005. "The Little Data Book 2005," World Bank Publications, The World Bank, number 12428, July.
    5. repec:wbk:wbpubs:12427 is not listed on IDEAS
    6. repec:wbk:wbpubs:12424 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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