(EnergyAsia, April 30, Monday) — As countries continue to scour the world for oil and gas reserves, the race for energy security is no longer just about ownership of resources. Increasingly, countries and companies are also paying attention to owning and controlling the infrastructure to refine, deliver, store and handle the resources that come out of the ground.

 

China leads on both counts as it steps up efforts to buy up oil and gas from producing countries, and invest in infrastructure in countries that literally sit along the supply lines.

 

It has bought into the natural gas reserves of Kazakhstan and built the pipelines and storage tanks to ensure their delivery into China. It has stepped up its courtship of Russia, and is ever ready to invest in both the resources and the pipelines to bring in the oil and gas from its former enemy. Chinese investments will help Sri Lanka develop its port and bunker storage services.

 

The full version of this story is available in the May issue of EnergyAsia Report.