A Hazardous Game – The Strait of Malacca

... fully or Russia be prepared to play on its terms. In effect, China is left with investing in second-tier opportunities and the Malacca Dilemma persists with just a balancing effort trying to minimise rise in dependence. Li & Cheng (2006) see that options ... ... energy demand in Asia is growing at an annual rate of over 3% and already more than a half of world’s oil and almost 2/3 of gas pass via the strait, thus it is hard to see how these sums will be circumvented. Still, when Li & Cheng wrote their work, ...