Security and Profit in China's Energy Policy

Download or read book Security and Profit in China's Energy Policy written by ¯ystein Tunsj¿ and published by Columbia University Press. This book was released on 2013-10-29 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.