Jakarta, Nov - As exclusive energy security enhancement may create an escalation of tensions among related countries, an Asian platform for energy cooperation is perceived as the key to averting those negative potentialities, an economist has said. "In principle, pursuit of energy security by each country can contribute to the enhancement of regional and global energy security," said Ken Aoyama, Chief Economist and Managing Director of Japan's Energy Economics Institute told the press here on Wednesday. Despite the positive side, Aoyama added, if the initiatives to enhance energy security conducted too exclusively, tensions could escalated among related countries, thus damaging regional and global energy security. He said the expected benefits from energy cooperation included the optimized use of existing assets, technology, know-how, infrastructure, enhanced bargaining power against supplier and the development of region-wide market that improve market efficiency and create new business opportunity. Aoyama said the policies that might be taken for cooperation include facilitating common understanding for cooperation, cooperation in demand side and environment and cooperation in enhancing energy supply (energy diversification/promotion of coal, nuclear, natural gas and renewable). In addition, the cooperation may assist the initiatives to increase domestic energy supply capacity, and best use of existing infrastructure, cooperation for emergency preparedness such as cooperation for oil stockpiling system, and the cooperation regarding energy international relation like the promotion of producer-consumer dialogue. Earlier, President Susilo Bambang Yudhoyono at the 18th ASEAN Summit 2011 (May 7-8, 2011) also stressed the importance of ASEAN addressing energy security issues, including strengthening energy cooperation. ASEAN has the factors that provide opportunities for developing energy cooperation: Its members are geographically close, there is uneven distribution of energy resources and demand, the members are at different stages of economic and energy development, etc. A secure, highly efficient energy interconnected system will surely prove to be key to the realization of ASEAN Economic Community to begin in 2015. The region is relatively rich in energy resources, even though only a few countries are genuinely self-sufficient. The stages of resource development and infrastructure have been built to facilitate energy processing and distributions vary widely across the countries. Access to modern energy is limited in Myanmar and Cambodia, but is at 100 percent in Singapore.


Editor : FAROCHA
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