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The Institute of Energy Economics, Japan The Institute of Energy Economics, Japan The Rise of China and International The Rise of China and International Energy Markets Energy Markets : : A Washington Perspective A Washington Perspective 19 19 January 2011 January 2011 Tokyo Tokyo Edward C. Chow Edward C. Chow Center for Strategic and International Studies Center for Strategic and International Studies Washington DC Washington DC IEEJ: 2011 February

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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

Contact: [email protected]