Security and Profit in China's Energy Policy: Hedging Against Risk by Øystein Tunsjø

Security and Profit in China's Energy Policy: Hedging Against Risk

byØystein Tunsjø

Kobo ebook | October 29, 2013

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China has developed sophisticated hedging strategies for managing the international petroleum market, 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 identifies the interrelationship between security and profit that better describes China's energy-security policy.

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.
Title:Security and Profit in China's Energy Policy: Hedging Against RiskFormat:Kobo ebookPublished:October 29, 2013Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0231535430

ISBN - 13:9780231535434

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Table of Contents

List of Maps
List of Abbreviations
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

Editorial Reviews

Numerous questions about China's energy security have been raised: in China's energy decision making, is the government or energy companies more influential? Are the 'going out' activities of China's energy companies driven by strategy or profit? The existing answers can be categorized into 'the former one,' 'the latter one,' or 'both.' Creatively and cleverly applying hedging theory, Øystein Tunsjø offers deeper and more persuasive answers. He contributes an utterly new perspective and opens up a new field for China's energy studies. His book will impose long-lasting effects on China's energy security research.