Changes in the Global Energy System: Implications for China's International Strategic Environment

Journal of China and International Relations. 2015;(2):69-82 DOI 10.5278/ojs.jcir.v3i2.1309

 

Journal Homepage

Journal Title: Journal of China and International Relations

ISSN: 2245-8921 (Online)

Publisher: Aalborg University Press

Society/Institution: Aalborg University

LCC Subject Category: Political science

Country of publisher: Denmark

Language of fulltext: Chinese, English

Full-text formats available: PDF

 

AUTHORS

Zhang Chi

EDITORIAL INFORMATION

Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 30 weeks

 

Abstract | Full Text

This article briefly discusses major reasons for the slump of international oil prices and provides a prediction for the future development of international oil prices, before analyzing the three factors leading to significant changes of the global energy system, namely the eastward shift of the world energy consumption centre, the emergence of the United States as a major oil producer and the dramatic waning of the Organization of Petroleum Exporting Countries’ (OPEC) influence. These factors and developments are shaping a new order of the global energy strategic landscape and exerting profound influence on China’s international strategic environment. In the foreseeable future, these changes of the global energy system would bring China more uncertainties regarding the country’s oil imports from the Middle East, more strategic pressure from the United States, while promoting China’s leverage on the global energy system and international relations.