Securing the sealanes
Ensuring energy security.
Securing the sealanes of the super highway
Safe, secure and continuous supplies of energy are critical to modern society, providing the lifeblood to the global economy. The securitization of energy for heat, light and transportation affirms the strategic role petroleum plays, fuelling growth and development.
The global energy system is large and complex, requiring enormous amounts of embedded capital. In order to maintain energy supply and security, it is paramount that the energy system and supply chain is secure and stable. Energy security needs to be thought of not just in terms of energy supply itself, but also in terms of safeguarding the entire supply chain.
Mistakenly, threats to the physical supply chain are not fully evaluated when assessing potential bottlenecks and supply disruptions. As over 60 per cent of the world’s oil and natural gas is transported by sea annually, it is imperative that the sea-lanes remain clear and safe for tankers and their crew.
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Source: globalriskinsights.com
