Potential Energy Trading Efficiencies of China in Collaboration with Japan and South Korea in Eurasian Energy Markets


Bozdag E. G.

5th Istanbul Conference of Economics and Finance, İstanbul, Turkey, 6 - 07 June 2016, vol.38, pp.54-59 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 38
  • Doi Number: 10.1016/s2212-5671(16)30176-9
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.54-59

Abstract

Recently, the oil and gas prices globally are down in the world. The price of energy partly depends on economic recession in People Republic of China (precisely China). It is an macro economical circumstance. In this study, with taking to consider the seventeen years period, it is trying to find an answer to: if China independently or in coordination with another super economies-Japan and South Korea (precisely Korea) can be overcome with energy safety and can be an important part of the oil and gas bargaining in Eurasian (Central (Middle) Asia, Azerbaijan, Iran, and Russia) oil and gas markets with taking a stand against the other superpowers which are also the big players of the energy market in the world. Today the problem is about recession - and decreasing energy demands. But on the next years the problem will be as an increased energy costs in boom cycle period of economies. The energy investments are crucial for economic growth. In this study, it is focused on, geographical closeness, which is so important for energy investments. Because of this, Eurasian energy resources are more important for China, Japan and Korea. (C) 2016 The Authors. Published by Elsevier B.V.