In recent years, Russia, amid tensions with the West, has realized the importance of moving eastward. As an early breakthrough, China has become a key partner in Russia's diplomatic breakthrough and economic development. Energy cooperation projects have become the most important "ballast stone" in Sino-Russian relations. At a time when the "Power of Siberia 2" pipeline running through China, Russia and Mongolia has not yet been launched, Russia is launching a large-scale new energy cooperation project to China, opening up massive oil and gas resources to the Chinese market**, expressing its desire to actively participate in China. Russian Deputy Prime Minister Alexander Novak revealed that China and Russia are conducting research on an oil and gas project called "Vostok Oil". In addition, Russian Prime Minister Mishustin is on the lookout for a comprehensive deepening of cooperation with China in various fields during his visit to China.
1. Russia's eastward strategy
Against the backdrop of the Russia-Ukraine conflict, Russia realized its predicament of being "marginalized" by the West and decided to change its development strategy and develop eastward. Cooperation with China, an important economic partner, has become the key to Russia's breakthrough and development. By promoting energy cooperation, especially large-scale new energy cooperation projects, Russia hopes to strengthen cooperation with China and achieve closer economic ties and partnerships.
2. Energy cooperation is the key
Sino-Russian energy cooperation is regarded as the most important area of cooperation in Sino-Russian relations. At present, the energy cooperation projects between China and Russia involve huge oil and gas resources. Among them, the "Oriental Oil" project will start transporting 30 million tons of oil in 2024 and plans to reach 100 million tons in 2030. The target market for the project includes not only China, but also ASEAN, India, Japan and South Korea. Rosneft holds 85% of the project, a Hong Kong-based ** company has a 10% stake and a UAE company has a 5% stake. These large-scale oil and gas cooperation projects will provide Russia with more export opportunities and boost the Russian economy.
3. China's geo-economic pattern
China has always faced huge energy needs, so energy cooperation with Russia is particularly important. Despite the rise of new energy sources, oil remains the lifeblood of China's economic development. Since China's energy cooperation with the Middle East's major oil producers needs to pass through the Strait of Malacca, there is a risk of being controlled by the United States and the West. Therefore, energy cooperation between China and Russia, especially the opening of new energy routes, including the Arctic shipping lane, is of great significance for China's energy security and national development. Sino-Russian cooperation in the field of energy is highly complementary, with broad prospects and great potential.
China-Russia energy cooperation has great potential, which is not only of great significance in terms of economic development and energy security, but also crucial to the strategic development and economic interests of both sides. In general, Sino-Russian energy cooperation projects require a large amount of capital investment, and involve many complex issues and details, which need to be repeatedly negotiated and negotiated. Although there has been controversy over oil and gas**, infrastructure funding and transmission route planning, it is certain that both China and Russia have a strong internal drive to ensure the smooth progress of relevant energy projects to support their long-term development. As the new year approaches, we look forward to more good news from China-Russia cooperation to jointly promote the economic prosperity and development of our two countries.
China-Russia energy cooperation is not only an important measure for Russia's eastward development strategy, but also an important guarantee for China's energy security. The cooperation between China and Russia in the field of energy is highly complementary, with broad prospects and great potential. Russia is facing the dilemma of being "isolated" by the West, while China has strong market demand and investment capacity. By deepening energy cooperation, China and Russia can not only achieve mutual economic benefit and win-win results, but also further strengthen the strategic cooperation between the two countries. Although differences and difficulties may arise in the process of cooperation, as long as the two sides remain open, frank and respectful, it is believed that China-Russia energy cooperation will achieve more fruitful results and make important contributions to the prosperity and stability of the two countries and the entire region.