Security and Profit in China's Energy Policy Hedging Against Risk |
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Author:
| Tunsjø, Øystein Tunsjø, Øystein |
Series title: | Contemporary Asia in the World Ser. |
ISBN: | 978-0-231-53543-4 |
Publication Date: | Nov 2013 |
Publisher: | Columbia University Press
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Book Format: | Ebook |
List Price: | USD $64.99 |
Book Description:
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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....
More DescriptionChina 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.