Prospect on the Energy Cooperation between China and Kazakhstan from the Perspective of One Belt, One Road Initiative

Abstract

Energy cooperation is the key element and the pioneering project in the construction of the Belt and Road economic belt. With abundant gas and oil resource, Central Asia is viewed as the core region of the Silk Road Economic Belt, and the energy cooperation is also the top priority of the economic cooperation between China and other Central Asian countries. This paper describes the actual situation of the oil industry in China and Kazakhstan, introduces the history of the energy cooperation between the two countries, analyzes the challenges hindering the development of the cooperation, and then gives a corresponding prospect. In the context of the Belt and Road initiative, China should insist the attitude of mutual benefit and win-win cooperation, diversify the energy cooperation between the two countries, improve the related policies and institutions, and take advantage of the "Belt and Road" and other platforms such as SCO to deepen Sino-Kazakh oil and gas cooperation so as to achieve the common prosperity.