Evaluation of political risk factors influencing energy supply disruption
College
Gokongwei College of Engineering
Department/Unit
Mechanical Engineering
Document Type
Conference Proceeding
Source Title
IOP Conference Series: Earth and Environmental Science
Volume
268
Issue
1
Publication Date
7-2-2019
Abstract
© Published under licence by IOP Publishing Ltd. High dependence on imported energy supply makes a country vulnerable to risks of supply disruption. Disruptions can be in the form of government policies, external conflicts, and natural calamities. Several indicators quantifying the probability of supply disruption were proposed in past studies based on a defined set of criteria. However, factors influencing the behavior of energy exports vary per country. In this study, 12 political risk components were investigated and correlated with historical oil-export data to assess the main drivers dictating export behavior. A case study was conducted on Philippine crude oil suppliers from 2001 to 2015, and three countries were elaborated for further discussion. Results showed that oil exports are strongly correlated with internal and external conflicts in Saudi Arabia; internal conflicts in Venezuela; and socioeconomic conditions in Russian Federation. The study recommends utilizing the developed methodology to aid estimation of energy security costs based on various political risk scenarios.
html
Digitial Object Identifier (DOI)
10.1088/1755-1315/268/1/012123
Recommended Citation
Soliman, J., Lopez, N. A., & Biona, J. M. (2019). Evaluation of political risk factors influencing energy supply disruption. IOP Conference Series: Earth and Environmental Science, 268 (1) https://doi.org/10.1088/1755-1315/268/1/012123
Disciplines
Energy Systems
Keywords
Energy security; Energy conservation; Green technology
Upload File
wf_yes