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Page 1: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

The Institute of Energy Economics, JapanThe Institute of Energy Economics, JapanThe Rise of China and International The Rise of China and International

Energy MarketsEnergy Markets::A Washington PerspectiveA Washington Perspective

1919 January 2011January 2011TokyoTokyo

Edward C. ChowEdward C. ChowCenter for Strategic and International StudiesCenter for Strategic and International Studies

Washington DCWashington DC

IEEJ: 2011 February

Page 2: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

Themes and IssuesThemes and Issues ChinaChina’’s emergence as oil and gas s emergence as oil and gas

import giantimport giant Increasingly longIncreasingly long--haul tradehaul trade Geopolitical challengesGeopolitical challenges Scramble for supply security?Scramble for supply security? Market integration or bilateral Market integration or bilateral

competitioncompetition U.S.U.S.--China Energy CooperationChina Energy Cooperation

IEEJ: 2011 February

Page 3: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

Demand Surge from ChinaDemand Surge from China

IEEJ: 2011 February

Page 4: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

Gas Imports Catching Up To Oil Imports Gas Imports Catching Up To Oil Imports

IEEJ: 2011 February

Page 5: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

New Infrastructure BuiltNew Infrastructure Built

IEEJ: 2011 February

Page 6: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

Imports Coming From Great DistancesImports Coming From Great Distances

IEEJ: 2011 February

Page 7: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

Choke Points and Maritime DisputesChoke Points and Maritime Disputes

IEEJ: 2011 February

Page 8: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

China Pays Premium for Pipeline ImportsChina Pays Premium for Pipeline Imports

IEEJ: 2011 February

Page 9: The Institute of Energy Economics, Japan The Rise …eneken.ieej.or.jp/data/3637.pdfThe Institute of Energy Economics, Japan The Rise of China and International Energy Markets: A Washington

AmericaAmerica’’s Role in Regional Securitys Role in Regional Security

IEEJ: 2011 February

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