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National Interests: Priorities and Security
 

The draft of the Asian Energy Ring: The formation of the energy metasystem in East Asia by uniting energy systems of Russia, China, South Korea and Japan

Vol. 13, Iss. 7, JULY 2017

PDF  Article PDF Version

Received: 16 May 2017

Received in revised form: 30 May 2017

Accepted: 19 June 2017

Available online: 27 July 2017

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: E44, F20, F21, F29, F37

Pages: 1353–1362

https://doi.org/10.24891/ni.13.7.1353

Loginov E.L. Market Economy Institute, Russian Academy of Sciences, Moscow, Russian Federation
evgenloginov@gmail.com

Shkuta A.A. Financial University under Government of Russian Federation, Moscow, Russian Federation
saa5333@hotmail.com

Objectives The research substantiates the mechanism and necessary conditions for implementing the Asian Energy Ring project as the basis for higher efficiency of power supply (synchronizing the processes of power transportation and distribution, etc.) to bridge power systems of Russia, China, South Korea and Japan.
Methods The research draws upon general scientific and special methods, including methods of systemic and economic analysis. Based on the analytical methodology, we study key project components, its specifics, organizational, economic and technological conditions needed to bridge power systems of Russia, China, South Korea and Japan under the Asian Energy Ring project.
Results We propose approaches to substantiating the policy for establishing a cross-border energy union as part of the unified energy space. This activities assume the formation of mechanisms for countries to trade in energy and agree various technological, economic, information and other aspects. We examine risks and provide the rationale for intellectual energy technologies to be integrated.
Conclusions and Relevance These are basic imperatives for running the unified power system of Russia that contribute to resolving electric power issues of the East Asian segment of the global economy through the Asian Energy Ring. It also assumes to use the existing national and cross?border energy infrastructure, construct new infrastructure facilities, balance cross-regional and cross-border power supplies and sort out power trading forms and terms. The proposed technology is positioned as a component of technologies used to manage the development of energy infrastructure of the aggregate group of countries (Russia, Japan, South Korea, China, Mongolia, Kazakhstan, etc.) in their pursuit of the energy integration.

Keywords: Asian Energy Ring, energy infrastructure, intellectual energy, power system, energy market

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