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From Energy Partnership to Comprehensive Security in the Asia Pacific

from SECTION I - WISEMEN'S VIEWS

Published online by Cambridge University Press:  21 October 2015

Gleb A. Ivashentsov
Affiliation:
Moscow State Institute of International Relations
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Summary

INTRODUCTION

Energy security issues have been continuously raised at various Association of Southeast Asian Nations (ASEAN) forums and East Asia Summits (EAS). Energy serves as a strategic topic in the Russia-ASEAN dialogues as well. The reasons are obvious and clear. The struggle for energy resources has become the focal point of today's international politics. Energy issues fully relate to the Asia-Pacific area, which is increasingly acquiring the leading positions on the world economic scene.

RISING ASIA

According to the calculations of the Russian Academy of Sciences’ Institute of World Economy and International Relations, Asia's share in world gross domestic product (GDP) will reach 43 per cent in 2020, with China's share in real purchasing power terms to increase up to 23 per cent and that of India up to 8.4 per cent, while the share of the United States will drop to 18 per cent and that of Germany to 2.9 per cent. The energy requirements of the Asia countries will increase accordingly. The International Energy Agency predicts that China and India will contribute 45 per cent to the growth of world consumption of primary energy in the period up to 2030. The ASEAN members in their totality will become a major importer of energy resources in the near future as well.

RISING ENERGY NEEDS

The shortage of oil and natural gas resources in the Asia Pacific combined with the constantly growing consumption of hydrocarbons have on one side led to increasing imports from other parts of the world, first of all from the Middle East, which practically creates a dependency of Northeast Asia on the Middle Eastern oil and gas supplies. On the other side, the lack of hydrocarbons to fuel the traditional production of electrical energy stimulated the advancement of nuclear energy in the region. In addition to Japan, China and South Korea, such countries as Vietnam, Thailand, Indonesia and the Philippines have also started developing plans for the construction of nuclear power stations.

Type
Chapter
Information
ASEAN-Russia
Foundations and Future Prospects
, pp. 3 - 7
Publisher: ISEAS–Yusof Ishak Institute
Print publication year: 2012

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