Measuring Energy Security Trends in the Diversification of Oil and Natural Gas Supplies

We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last...

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Bibliographic Details
Main Author: Loungani, Prakash
Other Authors: Joutz, Frederick, Cohen, Gail
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Oil
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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100 1 |a Loungani, Prakash 
245 0 0 |a Measuring Energy Security  |b Trends in the Diversification of Oil and Natural Gas Supplies  |c Prakash Loungani, Frederick Joutz, Gail Cohen 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2011 
300 |a 40 pages 
651 4 |a United States 
653 |a Wealth 
653 |a Industries: Energy 
653 |a Securities 
653 |a Oil 
653 |a Investments: Energy 
653 |a Saving 
653 |a Natural gas sector 
653 |a Trade: General 
653 |a Hydrocarbon Resources 
653 |a Exports and Imports 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Gas industry 
653 |a International economics 
653 |a Petroleum industry and trade 
653 |a Energy: General 
653 |a Consumption; Economics 
653 |a Financial instruments 
653 |a Investments: General 
653 |a Consumption 
653 |a Macroeconomics 
653 |a Macroeconomics: Consumption 
653 |a Investment & securities 
653 |a Imports 
653 |a Petroleum, oil & gas industries 
700 1 |a Joutz, Frederick 
700 1 |a Cohen, Gail 
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989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
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082 0 |a 330 
520 |a We present evidence on one facet of energy security in OECD economies - the extent of diversification in sources of oil and natural gas supplies. Viewed from the perspective of the energy-importing countries as a whole, there has not been much change in diversification in oil supplies over the last decade, but diversification in sources of natural gas supplies has increased steadily. We document the cross-country heterogeneity in the extent of diversification. We also show how the extent of diversification changes if account is taken of the political risk attached to suppliers; the size of the importing country; and transportation risk