The Study On The Transformation Of Saudi Arabia’s Geopolitical Situation Over Energy And Its Impact On Energy Cooperation Between China And Saudi Arabia

At present,the global energy geopolitical pattern is undergoing profound structural changes.Under the main contradiction of energy geopolitics,which is formed by the energy supply pattern rising in the west and declining in the east and the consumption pattern rising in the east and declining in the west,the energy geopolitical situation of Saudi Arabia is undergoing profound changes and its energy power is seriously impacted.The long-term oversupply of the international energy market and the impact of COVID-19 have kept international oil prices low.The success of the US energy independence strategy has further eroded Saudi Arabia’s share of the global oil and gas supply market.In response to the impact of COVID-19 risks on the global energy landscape,the failure to coordinate the "Opec plus" governance mechanism led by Saudi Arabia has posed a serious challenge to Saudi Arabia’s energy rule-making capacity.In order to better respond to the changing energy situation at home and abroad,Saudi Arabia has embarked on economic and social transformation,adjusted its energy strategy,reformed its energy subsidy policy,continued to push forward the implementation of the comprehensive production reduction agreement in the face of COVID-19,and formulated a new "eastward" energy diplomacy strategy.The adjustment of Saudi Arabia’s energy strategy has a counter-effect on the international energy system,affecting the change of international energy game and governance forms,and making contributions to the process of global energy transformation.The direction of Saudi Arabia’s energy development in the transformation of global energy pattern has also changed.In the context of constantly changing energy geopolitical situation and Saudi Arabia’s active pursuit of economic and social transformation to cope with the decline of energy power,china-Saudi Arabia energy cooperation has ushered in new opportunities and opportunities.The shift of Saudi Arabia’s energy diplomacy accords with the interests of China and Saudi Arabia’s energy diplomacy.The accelerating trend of global energy transformation makes the energy industry development of China and Saudi Arabia more complementary.As a result of the impact of COVID-19 on the world economy,China and Saudi Arabia share the same goals on the road to economic recovery and sustained growth.Sand at the same time,the energy cooperation is facing real challenges,complicated geopolitical situation to Saudi Arabia energy diplomacy policy brings more uncertainty,COVID-19 outbreak of Saudi Arabia under the financial crisis affected the cooperation project to carry out the,in addition,the outbreak has also increased the inverse globalization trend,the win-win cooperation intention agreement possible challenges.Based on the opportunities and challenges of energy cooperation,should grasp the era of the global energy geopolitical situation changes deeply,based on the "area" construction in China initiative to dock with the "Saudi Arabia 2030 vision" cooperation platform for the foundation,through unilateral thinking,set up the common fate cooperation concept,strengthening the clean energy cooperation,joint development of new energy cooperation pattern,In addition,we will establish a sustained and stable china-Saudi Arabia energy finance mechanism,cooperation and dialogue mechanism and price coordination mechanism,actively explore new paths of china-Saudi Arabia energy cooperation,and make concrete practice for the concept of a community with a shared future for mankind.