Oil Stockpiling and Emergency Response Cooperation of East Asia

Yoshikazu Kobayashi and Venkatachalam Anbumozhi

in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Asia's energy security is usually defined in terms of oil-supply security, given the region's growing demand for oil, its flattening oil production, and its overdependence on regions such as the Middle East. Oil-supply security can be attained through long-term and short-term policy measures. Long-term measures include diversification of oil import sources, investment in alternative energy sources and technologies, and cooperation between oil producers and consumers. Short-term measures include information sharing, standby oil production, and drawdowns of emergency oil stockpiles. This study analyses the merits and demerits of oil stockpiling, which is regarded as an insurance against damage caused by any disruptions in oil supply. It also proposes a regional cooperation mechanism for oil stockpiling among ASEAN member states, Japan, and the Republic of Korea by ticketing and bilateral oil stockpiling mechanism based on market principles.

Date: Written 2015-09 Originally published 2015-09.
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http://www.eria.org/RPR-FY2014-32.pdf

Chapters in this book:

Ch 1 Introduction

Yoshikazu Kobayashi and Venkatachalam Anbumozhi

Ch 2 Oil Stockpiling Development in Southeast Asia

Yoshikazu Kobayashi and Venkatachalam Anbumozhi

Ch 3 Challenges for ASEAN Countries’ Oil Stockpiling Development

Yoshikazu Kobayashi and Venkatachalam Anbumozhi

Ch 4 Potential Cooperation beyond ASEAN

Yoshikazu Kobayashi and Venkatachalam Anbumozhi

Ch 5 Conclusion

Yoshikazu Kobayashi and Venkatachalam Anbumozhi

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Persistent link: https://EconPapers.repec.org/RePEc:era:eriabk:2014-rpr-32

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