The evolution of structural resilience of global oil and gas resources trade network

ABSTRACT

This paper establishes anetwork resilience evaluation framework of the global oil and gas resourcetrade network in 2010, 2015 and 2020. The results are as follows The links of the oil trade network present a gradually shrinking trend, and the gas tradenetwork presents a trend of close connection first and then reduced. In termsof network density, network centrality, network connectivity and network size, the structural resilience of the oil and gas resource trade network displays ashrinking trend, and the gas trade network is superior. Concerninginvulnerability and recovery, the resilience of the oil trade network issuperior to the natural gas trade network. In simulated attacks, the oil tradenetwork reveals a higher resilience towards intentional attacks, and the gastrade network shows a higher resilience towards random attacks. The Strait ofHormuz and the Strait of Malacca are critical chokepoints in the networks.