Publications

China’s Energy Investment Through the Lens of the Belt and Road Initiative

Philipp Galkin, Dongmei Chen, Junyuang Ke

The Chinese government launched the Belt and Road Initiative (BRI) in 2013 as a vision to promote growth and cooperation among the economies of Asia and Europe. Over the five years since its inception, the BRI has expanded in both…

Galkin, Philipp

Chen, Dongmei

Ke, Junyuang

An Economic Analysis of China’s Domestic Crude Oil Supply Policies

Bertrand Rioux, Philipp Galkin, Kang Wu

China’s domestic oil production has lagged the rapid growth in the country’s oil consumption since 2000, leading to a large, and growing, reliance on crude imports to meet demand. Factors including China’s current market structure and regulatory environment impede further…

Rioux, Bertrand

Galkin, Philipp

Wu, Kang

Balancing Energy Security Priorities: A Portfolio Optimization Approach to Oil Imports

Philipp Galkin, Carlo Andrea Bollino, Simona Bigerna

The idea of energy security emerged after the energy crises of the 1970s. It has evolved from the initial paradigm of assuring sufficient energy supplies to include a price affordability perspective and, eventually, many other energy-related issues, such as infrastructure,…

Galkin, Philipp

Bollino, Carlo Andrea

Bigerna, Simona

The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

Science Direct

Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain controlled by the government.

Axel Pierru, Kang Wu, Frederic Murphy, Philipp Galkin, Bertrand Rioux, Yan Li, Artem Malov, Felipe Feijoo

Effect of Preferential Trade Agreements on China’s Energy Trade From Chinese and Exporters’ Perspectives

Emerald Insight

China is a major energy import powerhouse, its trade deals have significant impact on international energy trade and global energy markets. The purpose of this paper is to explore the role of energy in China’s preferential trade agreements (PTAs) and…

Philipp Galkin, Carlo Andrea Bollino, Tarek Atalla

An Estimation of the Drivers Behind OPEC’s Quota Decisions

Philipp Galkin, Tarek Atalla, Zhongyuan Ren

This paper identifies key determinants that appear to shape OPEC’s quota strategy and implementation. Using econometric estimations, it examines the factors that seem to most influence members’ adherence to their production commitments in the short term and what drives the…

Galkin, Philipp

Atalla, Tarek

ZR

Ren, Zhongyuan

Potential Effects of Trade Liberalization on China’s Imports of Plastics From the GCC

Philipp Galkin, Carlo Andrea Bollino, Rami Shabaneh

Petrochemical products, particularly plastics, contribute to a significant share of expanding and increasingly diverse trade flows between the Gulf Cooperation Council (GCC) countries and China. The petrochemical sector could benefit from a preferential bilateral trade regime between China and the…

Galkin, Philipp

Bollino, Carlo Andrea

Shabaneh, Rami

Unintended consequences of China’s coal capacity cut policy

Energy Policy

In early 2016, China introduced additional capacity cut policies to rebalance supply in the coal market to match demand that had been reduced by slow economic growth and strict environmental regulation. Ensuing disruptions to the coal market caused these policies…

Bertrand Rioux, Philipp Galkin

The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru, Kang Wu

Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain heavily monopolized or controlled by the government. To assess how such distortions impact the market, we developed…

Rioux, Bertrand

Galkin, Philipp

Murphy, Frederic

Pierru, Axel

Wu, Kang

How do Price Caps in China’s Electricity Sector Impact the Economics of Coal, Power and Wind? Potential Gains from Reforms

Energy Journal

China imposes maximum prices by plant type and region on the electricity that generators sell to utilities. We show that these price caps create a need for subsidies and cross-subsidies, and affect the economics of wind power. We model the…

Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru

The Effect of Preferential Trade Agreements on Energy Trade from Chinese and Exporters’ Perspectives

Philipp Galkin, Carlo Andrea Bollino

During periods of supply abundance that lead to lower prices, commodity exporters strive to secure their market share with major importing economies. This paper seeks to cast light on what drives an exporter’s share of Chinese imports of oil, gas…

Galkin, Philipp

Bollino, Carlo Andrea

Economic impacts of debottlenecking congestion in the Chinese coal supply chain

Energy Economics

The fast pace of development in China’s coal industry created bottlenecks in its transportation infrastructure. These bottlenecks likely affected not only China’s domestic coal market, but also global coal markets. In this paper, we estimate the costs and consequences of…

Bertrand Rioux, Philipp Galkin, Frederic Murphy, Axel Pierru

Potential Gains From Reforming Price Caps in China’s Power Sector

Bertrand Rioux, Philipp Galkin, Axel Pierru, Frederic Murphy

When energy sectors transition from government-controlled to market-driven systems, the legacy regulatory instruments can create unintended market distortions and lead to higher costs. In China, the most notable regulatory throwback is ceilings on electricity prices that generators can charge utilities,…

Rioux, Bertrand

Galkin, Philipp

Pierru, Axel

Murphy, Frederic

Economic Impacts of Debottlenecking Congestion in the Chinese Coal Supply Chain

Philipp Galkin, Frederic Murphy, Axel Pierru, Bertrand Rioux

China’s coal industry grew at unprecedented rates during the first decade of the 2000s in order to support equally unprecedented economic growth. In that type of environment, it is impossible for the capacities of every link in the supply chain…

Galkin, Philipp

Murphy, Frederic

Pierru, Axel

Rioux, Bertrand

The KAPSARC Energy Policy Database: Introducing a Quantified Library of China’s Energy Policies

Brian Efird, Philipp Galkin

Government policy is a critical factor in the understanding of energy markets. Governments create constraints and incentives that drive behavior through policy. In turn, these behaviors have fundamental impacts on the functioning of markets. Despite the critical role of policy,…

Efird, Brian

Galkin, Philipp

Debating the Trade-offs in China’s Oil Import Security

International Journal of Energy Security and Environmental Research

Brian Efird, Leo Lester, Philipp Galkin