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Energy security with a high external dependence: the strategies of Japan and South Korea

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  • Bustelo, Pablo

Abstract

Besides China, Northeast Asia includes other important energy consumers: Japan and South Korea. These OECD-member economies are highly dependent on imports (which account for more than 80% of domestic consumption in both cases), especially of oil and natural gas, and their energy security has been subjected to considerable threats in recent years. This paper briefly reviews the energy situation and prospects of both countries. It also presents an analysis of Tokyo’s and Seoul’s strategic responses to the (perceived o real) worsening of their energy security, in which the strenghts and weaknesses of each approach are highlighted. Finally, the paper lists some of the lessons that other highly energy import-dependent economies might extract from the experience of Japan and South Korea.

Suggested Citation

  • Bustelo, Pablo, 2008. "Energy security with a high external dependence: the strategies of Japan and South Korea," MPRA Paper 8323, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:8323
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    File URL: https://mpra.ub.uni-muenchen.de/8323/1/MPRA_paper_8323.pdf
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    References listed on IDEAS

    as
    1. Brigid Gavin & Sangsoo Lee, 2007. "Regional energy cooperation in North East Asia: Lessons from the European Experience," Asia Europe Journal, Springer, vol. 5(3), pages 401-415, September.
    2. Bénédicte Vidaillet & V. d'Estaintot & P. Abécassis, 2005. "Introduction," Post-Print hal-00287137, HAL.
    3. Vipul Tuli, 2006. "Regional Cooperation for Asian Energy Security," Energy Working Papers 22128, East Asian Bureau of Economic Research.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Blum, Helcio & Legey, Luiz F.L., 2012. "The challenging economics of energy security: Ensuring energy benefits in support to sustainable development," Energy Economics, Elsevier, vol. 34(6), pages 1982-1989.

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    More about this item

    Keywords

    Japan; South Korea; energy system; energy dependence; energy security; energy policy and strategy; international rivalry and cooperation;
    All these keywords.

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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