Full Title: Finding Common Ground: Energy, Security and Cooperation in the South China Sea
Author(s): Will Rogers
Publisher(s): CNAS
Publication Date: January 1, 2013
Full Text: Download Resource
Description (excerpt):
Global energy trends are increasing demands for potential hydrocarbons in the South China Sea. As the global economy recovers from worldwide recession, demand for energy is steadily picking up speed, particularly among emerging economies in South and East Asia. Production is expected to keep pace, with just enough to satisfy global demand. Many of these countries will therefore want to develop new energy sources to ensure access to the fuel they need to promote their economic growth. Meanwhile, perennial instability in the Middle East and North Africa is encouraging these countries to diversify their supplies of oil. Energy resources from the South China Sea may be able to help these countries meet both objectives.