Professional Documents
Culture Documents
2004. 11. 27
whkim@kiep.go.kr
Contents
. Growing economy, Growing consumption of Energy
. Energy-consuming Structure
. Petrodiplomacy
1
I. Growing economy, Growing consumption of Energy
□ Japan
- Depended on external sources to keep its economy
running
- 2nd largest energy importer after the US
3
□ Northeast Asia
- World’s fifth oil importer and second largest LNG importer
after Japan
- Depends on oil for 55% of its energy consumption
□ South Asia
- Contains more than one-fifth of the world’s population
- Experiencing rapid energy demand growth
□ India
- Coal meets more than half of India’s energy demand and
oil makes up 30% of its energy portfolio
- Imports 73% of its oil
2
I. Growing economy, Growing consumption of Energy
□ Thailand
- Energy consumption is growing rapidly as a result of
strong economic growth in this country
□ Brunei
- Large liquefied natural gas producer (third largest in Asia)
- Located close to vital sea lanes through the South China
Sea linking the Indian and Pacific Oceans
5
□ Indonesia
- OPEC membership and substantial, but declining, oil
production
- World's largest liquefied natural gas (LNG) exporter
□ Malaysia
- 75 trillion cubic feet of natural gas reserves
- Net oil exports of almost 300,000 barrels per day
□ Vietnam
- Potential to become a regional oil and natural gas
supplier
3
II. Raising Gap between Demand and Supply of Oil
□ China
- Demand for oil will nearly double by 2020
- Chinese annual growth of oil demand reaches 4.6%
(2.5 times the world average of 1.9%)
- China’s demand for oil will continue to grow at 5% or more
□ India
- Needs to triple its power generation by 2025 to feed
fast-growing technology and manufacturing industries
- Shorter on energy resources than China
7
4
III. Energy-consuming Structure
□ Consumption Pattern of China
- Policies for energy efficiency and energy
conservation, but weak in implementation
- The transport sector is an extreme example of inefficient
energy usage
- Household electrical appliances are all growing at an
unprecedented rate
□ Conservation
- China must curb its demand for more energy and focus
on conservation
- Push for cooperation between China and other major
powers to explore energy and secure the oil supply
- Easing China’s energy crisis through non-traditional
means
9
□ Overseas Supply
- The Chinese government seems to have adapted and
combined all the approaches in its overall energy strategy
- China’s approach to security of energy supply is based
on “uncertain” international energy markets and a
preference for self-reliance
10
5
IV. Alternatives to Short Supply of Oil
11
V. Petrodiplomacy
20% of China’s oil and gas come from Africa and 40% from
the Middle East
□ Middle East
- Middle East still remains as the traditional and vast oil
tank where most of the world’s remaining oil lies
- China’s new plan to enhance energy cooperation with
6 Gulp countries through Gulf Cooperation Council (GCC)
□ Africa
- China is attracted to the relatively under-exploited
petroleum resources in Africa
- China has already signed deals to import oil from Nigeria,
Gabon, Equatorial Guinea, Cameroon and Angola
12
6
V. Petrodiplomacy
□ Russia
13
□ China-Japan Conflicts
- Diplomatic battle over access to the natural gas field in
Chungxiao
- Japan, depends on imported oil, is lobbying
Moscow for a 2,300-mile pipeline from Siberia to the
Pacific port of Nakhodka
14
7
VI. Regional Cooperation and/or Competition
- China settled a long-standing border dispute with
Moscow and promised some $12 billion in business
investment in Russia
□ India-Pakistan Cooperation
- Agreed to negotiate on energy cooperation with Pakistan,
indicating the possibility
of unprecedented regional cooperation
Thank you
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