Energy security and cooperation in Northeast Asia

Abstract

Abstract The importance of Northeast Asian energy cooperation has been consistently emphasized in recent years to cope with uncertainties in the global energy market and to avert potential conflicts regarding energy supply among consumer countries. Energy supply, climate change, and the North Korean energy crisis have posed major concerns with respect to the energy security of Northeast Asian countries. However, the actual implementation of energy cooperation has reflected strong competition among major energy consuming countries, despite the perceived necessity of energy cooperation. Energy cooperation in Northeast Asia has become essential—not only for the facilitation of energy supply but also for the prevention of potential conflicts stemming from competitive energy procurement. This paper proposes that intergovernmental energy cooperation in Northeast Asia should focus more on the aspect of public goods. Intergovernmental energy cooperation should be based on a practical and achievable “soft agenda” ...