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One Belt One Road and the future of Chinese energy security
Chinese energy security
One Belt One Road
Belt and Road Initiative
|Issue Date:||2017-07-04 09:50:04 (UTC+8)|
The Belt and Road Initiative is China’s latest economic development strategy, which seeks to connect China to the rest of Eurasia through infrastructure development and trade. While not a dedicated energy strategy, components of the initiative will play a role in meeting China’s growing energy needs.
This paper examines the Belt and Road Initiative in the greater context of China’s energy policy by comparing it to China’s “going-out” strategy of the late 1990s. It assesses the impact that Belt and Road projects will have on China’s energy security by first defining how China views its energy security and then analyzing how Belt and Road projects address China’s energy security concerns.
This paper finds that the Belt and Road Initiative can be considered a successor to the“going-out” strategy. It also finds that China views energy security primarily through the lens of supply, and that Belt and Road projects such as port and pipeline construction contribute by ensuring reliability of transport.
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