Security and profit in China's energy policy : hedging against risk / Øystein Tunsjø.

Format:

Book

Author/Creator:

Tunsjø, Øystein, author.

Series:

Contemporary Asia in the World

Language:

English

Subjects (All):

Energy development--China.

Energy development.

Energy policy--China.

Energy policy.

Energy security--China.

Energy security.

Physical Description:

1 online resource (337 p.)

Place of Publication:

New York, NY : Columbia University Press, [2013]

Language Note:

English

Summary:

China has developed sophisticated hedging strategies to insure against risks in the international petroleum market. It has managed a growing net oil import gap and supply disruptions by maintaining a favorable energy mix, pursuing overseas equity oil production, building a state-owned tanker fleet and strategic petroleum reserve, establishing cross-border pipelines, and diversifying its energy resources and routes.Though it cannot be "secured," China's energy security can be "insured" by marrying government concern with commercial initiatives. This book comprehensively analyzes China's domestic, global, maritime, and continental petroleum strategies and policies, establishing a new theoretical framework that captures the interrelationship between security and profit. Arguing that hedging is central to China's energy-security policy, this volume links government concerns about security of supply to energy companies' search for profits, and by drawing important distinctions between threats and risks, peacetime and wartime contingencies, and pipeline and seaborne energy-supply routes, the study shifts scholarly focus away from securing and toward insuring an adequate oil supply and from controlling toward managing any disruptions to the sea lines of communication. The book is the most detailed and accurate look to date at how China has hedged its energy bets and how its behavior fits a hedging pattern.

Contents:

Frontmatter

Contents

List of Maps

Acknowledgments

List of Abbreviations

Glossary

1. Introduction

2. China's Energy Security

3. China's Domestic Energy Sector

4. The Global Search for Petroleum

5. Safeguarding China's Seaborne Petroleum Supplies

6. China's Continental Petroleum Strategy

7. Global, Maritime, and Continental Implications

8. Conclusion

Notes

Bibliography

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

ISBN:

9780231535434

0231535430

OCLC:

859182512