Energy security in this day and age is an increasingly complex concept for policymakers to deal with. In order to sustain future economic growth while keeping in account issues of territorial...Show moreEnergy security in this day and age is an increasingly complex concept for policymakers to deal with. In order to sustain future economic growth while keeping in account issues of territorial disputes and environmental pollution, many scholars have anticipated a great role for ASEAN, the regional organisation in Southeast Asia, in fostering regional cooperation on energy security. The dominant perspective within the literature analyses ASEAN in practical terms of material outcomes and claims that ASEAN should follow a similar path as the European Union, focussing on functional cooperation. However, the current research concurs with a marginalised and underdeveloped perspective in the literature and claims that norms and the establishment of a regional identity are crucial in understanding cooperation on energy security in Southeast Asia. The contribution of the research is twofold. First, its analyses of ASEAN’s regional energy security policies, the Laos-Thailand-Malaysia-Singapore power interconnection project and nuclear energy developments finds that ASEAN’s normative approach is crucial in understanding development of and the rationale behind cooperation on energy projects in the region. Secondly, it finds that contrary to the assumption of many scholars in the existing literature on energy security in ASEAN, ASEAN’s norms are not static but undergo change through a process of norm localisation, in which external norms and practices are adopted and localised within pre-existing institutional norms and practices. The thesis concludes that norms play a crucial role in ASEAN’s approach to fostering regional cooperation on energy security, dictating both form and function of cooperation. A normative approach is therefore key in gaining a better understanding of the development of energy security cooperation amongst Southeast Asian states.Show less
Advanced master thesis | Political Science (Advanced Master)
open access
It is argued that host country factors have predictive value for the completion of Chinese investment in overseas oil and gas assets, as well as for the value of such deals. Using this thesis’...Show moreIt is argued that host country factors have predictive value for the completion of Chinese investment in overseas oil and gas assets, as well as for the value of such deals. Using this thesis’ unique dataset, which accounts for 198 states worldwide and the time period 1999-2012, four hypotheses are tested by performing ordered logit regression and Tobit regression analyses. Anticipating the results, the five main findings are presented here. For unambiguous interpretation, note that ‘Chinese investment’ refers to investment in overseas oil and gas assets. First, contrary to the impression obtained from media reports quoted above, Chinese investment is more likely to be accepted in states with institutional designs ranking higher in terms of institutional quality. Second, rentier states, whose leaders politically depend on the control over natural resources, do not take the expected defensive stance towards Chinese investments. Instead, a host country’s oil dependence is positively related to not only deal completion per se, but also to the amount of money invested. Gas dependence, on the other hand, is not significant in any of the models presented here. Third, Chinese investment is not only more likely, but also granted in higher volumes, in states that rank higher in terms of creditworthiness. Fourth, the financial crisis has provided all three Chinese investors - the NOCs, CDB, and CIC - with an opportunity to increase chances of deal completion as well as the amount invested. Fifth, separate analyses for Asia indicate that Chinese investment follows different patterns in its regional neighborhood, highlighting the need for further research to build on this thesis.Show less
