Maritime Law and Energy Security in East Asia
Article from: OGEL 2 (2007), in Unitisation and JDZs
Introduction
Energy security is a critical issue in East Asia. It is to be noted that many countries in East Asia, such as China and Vietnam, are developing countries with rapid economic growth, which will be accompanied by an increasing demand for energy. It is estimated that oil demand for Asian nations will increase from about 14.5 million barrels per day in 2000 to nearly 29.8 million barrels per day by 2025. Experts predicted that China would import more than 500 million tons of oil and over 100 billion cubic meters of natural gas in 2020 due to its rapid economic growth and demand for energy ...