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|Other Titles:||The Challenges and Opportunities of China`s Energy Cooperation with Russia|
China;Russia;Energy Cooperation;Oil and Gas
|Issue Date:||2016-08-30 15:01:08 (UTC+8)|
China's rapid economic growth has made energy security a significant issue. The focus on energy security is driven partly by an exceedingly tight energy market / high oil prices, and partly by China's fundamental need for energy to power the next decades of economic growth. From this point of view, China must take advantage of various foreign energy resources as soon as possible, in order to diversify and increase its sources of energy.In the past decade, Russia's oil and natural gas industries have played a major role in the global energy market, particularly in Europe. However, eastern Siberia and the Russian Far East enjoy relative geographical proximity to China, and have been proven to possess vast energy reserves. This region has become the most likely option for meeting China's energy needs.The purpose of this paper is to explore the challenges and opportunities for Sino-Russian cooperation in the energy sector. It finds that the pace of progress has been slow owing to certain obstacles, especially in the area of price negotiation. The fall of the international price of oil and gas has given China the opportunity to jump-start Sino-Russian energy cooperation. Moreover, as a result of institutional mechanisms, China is better positioned than other countries in Northeast Asia (NEA) to expand energy ties with Russia. Also, it was found that China stands to disproportionately benefit from bilateral energy cooperation.
|Relation:||俄羅斯學報, 10, 49-64|
Journal of Russian studies
Vestnik instituta rossii
|Appears in Collections:||[Journal of Russian Studies = Vestnik instituta rossii] Journal Articles|
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