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The Northeast Asian scramble for resources

In: International Resource Politics in the Asia-Pacific

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Abstract

Chapter 6 explores the emerging ‘scramble’ among Japan, Korea, and China to acquire resource projects abroad. Driven by intensifying energy insecurity and anxieties over being locked-out of key regional markets, these governments all launched mercantilistic energy strategies around the middle of the 2000s. But while their national oil companies (NOCs) collectively acquired over 100 oil and gas projects, few tangible benefits for either national or regional energy security have resulted. Intense investment competition for scarce assets have forced their NOCs to waste billions on costly projects with little commercial viability, while the governments have fallen victim to ‘investment shakedowns’ by nationalistic suppliers. Moreover, energy competition has led to several security spill-overs – particularly controversies over pipeline routing and territorial disputes in the South China Sea – which are complicating already tense geopolitical relations in the Asia-Pacific. Securitisation has meant resource interdependence is a factor for conflict, rather than cooperation, amongst regional powers.

Suggested Citation

  • ., 2017. "The Northeast Asian scramble for resources," Chapters, in: International Resource Politics in the Asia-Pacific, chapter 6, pages 121-142, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17723_6
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    File URL: https://www.elgaronline.com/view/9781786438461.00016.xml
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    Cited by:

    1. Burns, Danny, 2018. "Deepening and scaling participatory research with the poorest and most marginalised," European Journal of Operational Research, Elsevier, vol. 268(3), pages 865-874.
    2. Kan, S.Y. & Chen, B. & Wu, X.F. & Chen, Z.M. & Chen, G.Q., 2019. "Natural gas overview for world economy: From primary supply to final demand via global supply chains," Energy Policy, Elsevier, vol. 124(C), pages 215-225.
    3. Agbonaye, Osaru & Keatley, Patrick & Huang, Ye & Ademulegun, Oluwasola O. & Hewitt, Neil, 2021. "Mapping demand flexibility: A spatio-temporal assessment of flexibility needs, opportunities and response potential," Applied Energy, Elsevier, vol. 295(C).
    4. Qu, Xiaobo & Yu, Yang & Zhou, Mofan & Lin, Chin-Teng & Wang, Xiangyu, 2020. "Jointly dampening traffic oscillations and improving energy consumption with electric, connected and automated vehicles: A reinforcement learning based approach," Applied Energy, Elsevier, vol. 257(C).

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