China's Energy Security

Abstract

As the Chinese energy deficit increases at rates equal to or exceeding its economic growth, energy security raises an alarm among its policy-makers and the international community. This article asks whether China faces any threat to its energy security; and whether China's worldwide quest for energy is a threat to the regional and international stability. The main argument is that while China faces serious challenges in meeting its rising energy demand, its efforts to do so have been primarily domestically focused. In its foreign energy policy, China has behaved like a normal player in the international energy market, buying as much oil as it can and investing in as many places as it can afford. It is unlikely that the country is willing to seek overseas energy supplies at the expense of a peaceful regional and international environment which is a necessary condition for its continuing economic development.