Research On The Development Of Energy Cooperation Between China And Russia

With the continuous development of the economy, the demand of energy consumption in China continues to increase. According to the present economic growth rate, China will face enormous pressure of energy in the future. Maintaining the security of energy has become a crucial element of national strategy. As China's largest neighboring country, Russia has maintained good diplomatic relations and economic and trade exchanges with China and is the long-term strategic partner of China. Russia's energy export market is shifting to the Asia-Pacific region because the Western countries imposed economic sanctions against Russia. Russia's energy strategy is the same as the "One Belt, One Road" strategy. Complementary national energy strategy provides a political basis for China's energy cooperation with Russia. Russia is located in the northeast direction of China's energy channels in four directions, which is one of the reasons that China speeds up the cooperation with Russia. Under these conditions, it is necessary that China develops energy cooperation with Russia, but China and Russia should be alert in a lot of problems have occurred in the course of cooperation as follows. Russian default has occurred in the progress of Sino-Russian energy cooperation because the focus of Russia's energy strategy is to maximize the national interest. When the relationship between Russia and the West was bad Russia turned towards China, otherwise the opposite. The Sino-Russian negotiations on the price of natural gas have been very complicated by the variability of Russia's energy policies. The slow growth of China-Russia energy cooperation is related to the spread of the "China Threat Theory" in Russia. In the face of these problems and challenges, China and Russia should make a long-term strategic planning. We should also put forward the countermeasures from the macro and micro angles. First of all, the Chinese government should talk with the Russian government. China and Russia should establish mutual trust with each other and comprehensive and multi-level relations and cooperation. Secondly, Chinese energy enterprises should enhance their abilities of management, capital and technology, which is the basis for energy companies investing in oil and gas projects in the Russia. Broadening the depth and breadth of energy cooperation with Russia is one of the most important tasks at present and under the guidance of the energy import diversification strategy. In addition, regional cooperation of Asia is also essential. China should not only cooperate with one country and strengthen energy cooperation with Northeast Asia regions on the basis of "mutual benefit and win-win" principle.