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

Øystein Tunsjø

Abstract

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 analyzes China’s domestic, global, mari ... More

Keywords: China, international petroleum market, oil importation, petroleum, energy security, oil supply disruption

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780231165082
Published to Columbia Scholarship Online: November 2015 DOI:10.7312/columbia/9780231165082.001.0001

Authors

Affiliations are at time of print publication.

Øystein Tunsjø, author
Norwegian Institute for Defence Studies