The Newsletter 62 Winter 2012

China's energy policy towards the Caspian region: the case of Kazakhstan

Huirong ZhaoWU Hongwei

Energy security is an important component of national security as a whole. In the past 20 years, with China’s economy developing rapidly, its demand for oil has also grown. According to the 2009 forecast by the International Environmental Organization (IEO), the world’s total energy consumption will increase by about 44 percent annually, between 2006 and 2030. The estimation is that the non-OECD economies will show the largest increase in energy demand. China and India are the two fastest-growing non-OECD economies, and they will be key world energy consumers in the future.