Abstract
Cooperation between China and Russia in energy area is an important cornerstone of cooperation between the two countries and a positive force for maintaining global energy security. The total volume of gas supply by 2030 will be at least 98 billion cubic meters plus 100 million tons of liquefied natural gas. The article refers to the market reforms of China’s natural gas market. A fair market competition mechanism has been implemented in natural gas exploration, production, and import. The article reviews the Chinese model of X+1+X marketization in the gas supply market. Conclusions are drawn on the positive trend of gas supply between the Russian Federation and the People’s Republic of China and on the necessity of joint legal research in order to develop the legal regulation of gas supply.
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