The competition for non-renewable energy resources as oil and gas is increasingly exacerbated by the energy needs of emerging countries of Asia has become a key driver in world energy markets.
Being afraid of tight supplies and high prices that may constrain economic growth, China, the world’s fastest-growing economy – with an average growth rate of roughly 10 percent throughout the past 30 years – has been establishing a worldwide security network – the “string of pearls” – to ensure its energy needs.
These strategic relationships along the sea lanes from the Middle East to the South China Sea are suggesting both a defensive and an offensive positioning to control strategic “chokepoints” protecting China’s energy interests.
Excerpted from http://www.sldinfo.com/crafting-energy-security-in-the-21st-century-a-german-view-of-the-challenge/
Leave a Reply