China's energy security: Perception and reality

► Oil is the form of energy that has produced most of China's energy insecurity. ► Transport sector, rather than industry, is the largest driver of China's oil demand. ► The contribution of oil pipelines to China's energy security is smaller than many assumed. ► Acquisition of oil reserves abroad cannot necessarily guarantee China a supply of oil that is more reliable and less expensive. ► Energy security is a means; it is not a goal.