Abstract
The article deals with the problems of international energy cooperation (IEC) development in North-East Asia region (NEA). There is a process of gradual formation of common regional energy markets, which requires the improvement of international cooperation institutions. At the moment this process is in early stage, but the experience of such integration structures as the European Union and NAFTA (North American Free Trade Agreement) demonstrates that energy cooperation can be effective and beneficial to all participants. The countries of NorthEast Asia need to develop international electricity grids and natiral gas pipelines, which stimulates the evolution of common energy markets institutions with the active participation of both government bodies and private energy companies. Keywords: energy cooperation, energy policy, institutions, North-East Asia region.
Highlights
In 2006-2008, a research project “Understanding International Energy Initiatives” was carried out at the Asia Pacific Energy Research Centre (APERC)
There were considered the prospects for the development of these institutions at the stage from joint research projects in the field of energy technologies to solving practical problems in the construction of interstate energy infrastructure [1]
The purpose of this article is to update the results of the APERC study with the allocation of new directions and prospects for international energy cooperation in NorthEast Asia
Summary
In 2006-2008, a research project “Understanding International Energy Initiatives” was carried out at the Asia Pacific Energy Research Centre (APERC). The tasks of this project were to classify and evaluate the effectiveness of international energy cooperation institutions in the APEC region. The purpose of this article is to update the results of the APERC study with the allocation of new directions and prospects for international energy cooperation in NorthEast Asia. The purpose determines tasks: a) assessment of the current status of international energy cooperation in the region; b) analysis of energy cooperation institution development, taking into account the country-specific in North-East Asia; c) consideration of the prospects for IEC in North-East Asia, taking into account economic and political risks. The issue of formulating a common vision for the long-term development of energy sector is relevant for the countries of the region, since the inconsistency of regional energy policy in the future will prevent the creation of international energy infrastructure
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