Abstract:
The study concentrates on global energy situation and its impacts on Chinas energy security. Hereby, the concept of energy security was used as conceptual framework. The hypothesis of the research is that due to the vulnerability of global oil market and the high level of oil import, China needs to strengthen its own energy security via domestic and international measures. The study found that after economic paradigm shift since 1979, China has focused on industrial development and opening to the outside world, which result apparently in remarkable economic performance and per capita income. Moreover, high level of oil demand, especially from industry and transportation sectors, rise dramatically. Until 1993 China became net oil importer. Simultaneously, the volume of oil import increased steadily.Thereby, China has to raise effective policies to cope with the difficulty as energy security directly affects national security. Domestically, China hastily explores and develops oilfields under its territory. Internationally, China has strengthened its relationship with oil producing countries worldwide. Besides, China also urges its state-own oil companies to invest in target regions. Despite the intense quest for oil supply, however, no sign of decline in domestic demand. Hence, China inevitably precedes this endeavor unless the policies aiming to curb oil demand are effectively enforced or alternative energies are widely and practically available. Furthermore, Chinas pursuit of energy security brings about international concerns in many aspects.