International energy cooperation in East Asian region: problems and perspectives

Abstract

The article discusses the problems of international energy cooperation (IEC) mechanisms development in East Asia, taking into account the specific features of the region, expressed in the complex nature of interstate contacts and low rates of reaching agreements on the implementation of joint projects. Nevertheless, there is a process of gradual formation of common energy markets, which leads to the emergence of new IEC mechanisms that can and should be applicable both for large players (China, Japan) and for countries with less opportunities (Republic of Korea, Taiwan). East Asian countries now encounter the necessity to build a transparent and effective system of international relations in the energy sector at the level of governments, energy companies, and the organization of joint R&D groups, including other scientific and practical activities.