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This study examines the political, economic and industrial issues underpinning efforts to develop Northeast Asia's major energy resources, focusing on the frontier projects of Sakhalin, the Tarim Basin and Yakutsk. It argues that the scale and interrelated nature of the projects means that solutions must be developed not through bilateral deals, but through a regional framework, including government-led efforts to develop a regional gas grid in tandem with government-industry collaboration to develop the major reserves.
Drawing on cutting-edge research from leading scholars, this book investigates state preferences for regime creation and assesses state capacity for executing these preferences in Northeast Asia’s energy domain, defined as the geographical area comprising the following countries: Russia, Mongolia, China, Japan, South Korea and North Korea. It examines questions pertaining to how states perceive the need and necessity for establishing a regime when it comes to the issue of energy and how much commitment they make to the effort in Northeast Asia. The book analyses the factors that shape each country’s fundamental energy interests in the region, how these interests impact their attitudes toward engaging the region on energy security and the way they carry out their regional engagement. Based on countries’ interests in promoting institutionalized regional energy cooperation and their capacity for forging that cooperation, the collection assesses each state’s role in contributing to an energy regime in Northeast Asia. It then concludes with a critique on the decade-plus quest for energy security cooperation in Northeast Asia and suggests ways forward for facilitating regional energy security cooperation. This book will be of great interest to scholars and students of environmental policy, energy policy, security studies, Asian studies and international relations.
Energy cooperation in northeast Asia is proceeding slowly. It is necessary to promote energy cooperation in northeast Asia further to ensure energy security of all countries in the region. In recent years, many changes have taken place in the world energy landscape, bringing new opportunities for energy cooperation in northeast Asia. Firstly, increased oil and gas production in North America has increased Russia's willingness to deepen energy cooperation with northeast Asian countries. Secondly, the low oil price in the world brings opportunities for the construction and cooperation of energy reserves in northeast Asia. Thirdly, the diversification of energy import in northeast Asia is conducive to the construction and cooperation of energy and financial markets in northeast Asia. Fourth, shale oil and gas investment cooperation will be the new content of energy cooperation in northeast Asia. In addition, China's "One Belt And One Road" initiative will also boost the energy cooperation in northeast Asian. Northeast Asian countries should rethink how to promote the energy cooperation in northeast Asian further.
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