Jump to ContentJump to Main Navigation
Security and Profit in China’s Energy PolicyHedging Against Risk$
Users without a subscription are not able to see the full content.

Øystein Tunsjø

Print publication date: 2013

Print ISBN-13: 9780231165082

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231165082.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 13 June 2021



(p.1) 1 Introduction
Security and Profit in China’s Energy Policy

Øystein Tunsjø

Columbia University Press

This introductory chapter provides an overview of the book’s main themes. This book examines how China is adapting to its increasing reliance on imported crude oil and petroleum products and discusses the strategies that China has developed to strengthen its energy security by reducing its exposure to potential supply disruptions and sudden price rises. This book seeks to demonstrate how strategic and market elements interact; show that China has developed hedging strategies to insure against its growing net oil import gap and oil supply disruptions; and explain that the behavior of China and its national oil companies (NOCs) fit a hedging pattern. The most important argument of this book is that hedging is a central feature of China’s energy security policy and that a hedging framework captures how government concerns about security of supply and energy companies’ search for profits are linked. As an investor seeking profits but also security, China ends up hedging its energy security bets.

Keywords:   China, crude oil imports, petroleum products, energy security policy, hedging, fuel supply, Chinese national oil companies

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .