The project follows up the recommendation for better responses to oil shocks made in the Chatham House report Resources Futures, which recognizes the need for specific measures to respond to local shortages in a way that mitigates the oil price volatility on the global market.

A study group was held in Singapore in January 2014 with the aim of providing key actors from the oil industry, relevant governments and think tanks in Asia and the Pacific with the opportunity to discuss how best to manage the implications of a serious disruption of oil supply to the region.