Oil Stockpiling and Emergency Response Cooperation of East Asia

Abstract

The objective of this study is to review and explore measures to promote the development of oil stockpiling in the member states of the Association of Southeast Asian Nations (ASEAN). According to the ‘Southeast Asia Energy Outlook’, which was co-authored by the Economic Research Institute of ASEAN and East Asia and the International Energy Agency (IEA), energy demand in the ASEAN has been growing at a rate of 2.5 since 1990 and is expected to continue to grow for the foreseeable future.