STRATEGIC ENERGY PARTNERSHIP BETWEEN RUSSIA AND CHINA

Pavel Baboshkin

doi:10.32479/ijeep.9032

Abstract

During recent years the role of energetic security in Russia steadily increases. After deterioration Russian relations with West countries in energy sector stay single stable economic tool, which Russia use for the maintenance of impact in surrounding region. Instability of the importers market which is priority for the country, bounded with excitements about use by Russia theirs position on the energetic, markets for reaching political goal through the development of projects such as Nord Stream 2 and Turkish stream. In its turn in latest decade, Russia aspires to ensure solid positions in Siberia and Far East. American companies refuse to participate in the execution of orders for Russia due to the unstable political situation and stricter restrictive and regulatory measures, which makes the level of risk of cooperation unacceptable. Using alternative sources of electricity, Russia and China can extract many positive effects: financial income, employment, energy security for the domestic market, etc. For example, in the Far East, the import of fuel can be reduced by 40% after the implementation of RAO UES plans to build 178 renewable energy sources with a total capacity of 146 mW.Keywords: strategic partnership, economic development, energy cooperation, Asian-Pacific region, energy securityJEL Classifications: C30, D12, Q41, Q48DOI: https://doi.org/10.32479/ijeep.9032

Highlights

IntroductionThat demand for petroleum products in AsianPacific region, will probably exceed worldwide demand on 25%, and, according to predictions, demand for natural gas by 2025 will exceed it almost on 50%, Asian energy importers market is promising for Russia
Taking into account, that demand for petroleum products in AsianPacific region, will probably exceed worldwide demand on 25%, and, according to predictions, demand for natural gas by 2025 will exceed it almost on 50%, Asian energy importers market is promising for Russia.Most of all, this is reflected in the expansion of energy cooperation between Russia and China
The result was the construction of the Skovorodino–Mohe–Daqing oil pipeline, part of the Russian ESPO pipeline, which was completed at the end of 2017 with a capacity of 30 million tons

Summary

Introduction

That demand for petroleum products in AsianPacific region, will probably exceed worldwide demand on 25%, and, according to predictions, demand for natural gas by 2025 will exceed it almost on 50%, Asian energy importers market is promising for Russia. Most of all, this is reflected in the expansion of energy cooperation between Russia and China. The danger of China’s dependence as one of the world’s largest energy consumers on imports of Russian energy carriers (57% of the total world energy consumption) is that Beijing, preferring to export raw materials, will seek to exploit the far East as a “resource appendage” and avoid significant trade and financial obligations. As a rule, do not consider the interests of Russia’s national and regional security, citing the current weakness of the Russian economy and the heterogeneity of Russian-Chinese cooperation

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