Tunsjø Security and Profit in China’s Energy Policy

Hedging Against Risk
1. Auflage 2015
ISBN: 978-0-231-53543-4
Verlag: De Gruyter
Format: EPUB
Kopierschutz: 6 - ePub Watermark

E-Book, Englisch, 336 Seiten, Format (B × H): 152 mm x 229 mm

Reihe: Contemporary Asia in the World

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.

Autoren/Hrsg.

Tunsjø, Øystein

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Volkswirtschaften einzelner Länder und Regionen
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Energie- & Versorgungswirtschaft

Inhaltsverzeichnis

List of Maps
Acknowledgments
List of Abbreviations
Glossary
1. Introduction
2. China's Energy Security: A New Framework for Analysis
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
8. Conclusion
Notes
Bibliography
Index

Über Autor(innen)

Øystein Tunsjø is an associate professor at the Norwegian Institute for Defence Studies. He is the author of U.S. Taiwan Policy: Constructing the Triangle and coeditor of U.S.-China-E.U. Relations: Managing a New World Order and Twenty-First Century Seapower: Cooperation and Conflict at Sea.