Energy security is not a new topic for policymakers in Northeast Asia (NEA). The paradigm usually adopted by both researchers and policymakers has been to view energy security as an asymmetric risk. Energy suppliers worry about security of demand; energy consumers worry about security of supply and often about diversity of supply. Our premise is that it is time to replace this paradigm with a new one. Policymakers can, by adopting a broader view, use these energy relations to reinforce mutual interdependence between economies and reduce the risk asymmetries. These ideas were discussed in a series of workshops held in the GCC and NEA throughout 2015. The result was a collection of papers from 16 different collaborating research institutions on a range of perspectives, with four main themes: the consequences of trade and connectivity, domestic policies, energy security, and energy and the environment. These collected papers are published by Palgrave Macmillan in 2016, under the title Energy Relations and Policy Making in Asia.
China’s growing outbound investment ambitions could be as transformative for today’s poor countries as inbound investment was for China. This will depend upon how recipient developing economies, in particular in Africa, utilise China’s investor interest for their own sustainable development.