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RUSSIA IN CHINA’S ENERGY POLICY: EVOLUTION AND PERSPECTIVES

Annotation

Since late 1990-s, “growing” China’s dependence on foreign oil has been steadily increasing, aggravating the problem of expansion of geography and volume of its imports accompanied by problems of China’s energy security and ensuring stable and uninterrupted supply. Because of the ongoing confrontation with the US and the Western countries, economy of Russia is reorienting itself intensively towards the East. Consequently, cooperation with the countries of North-Eastern Asia and the Asia-Pacific region is now one of the most important directions of development of the Russian energy policy. The aim is analysis of the evolution of energy security policies in China, examining the challenges of finding new and expanding existing relations with traditional energy parterres (primarily the Russian Federation), as well as future prospects for energy development in China. The basic directions and tasks of reforming Chinese energy sector, the country’s energy security, as well as the evolution of the interests of Moscow and the largest Russian companies in relations with Beijing and further prospects of cooperation have been analyzed. Energy sector for China is strategically important, which continued its rapid growth trend in the last decade, and committed, along with the economy of China on the whole, a huge leap forward. Despite existing difficulties and obstacles, cooperation in energy area with China has enormous potential and value for the Russian Federation, which is proven not only by the official statements, but also by a growing number of agreements in the energy sector between the two countries.

Keywords

energy policy; energy security; Russian Federation; China; oil; oil-pipe line

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UDC

338.27

Pages

171-178

References

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Received

2015-05-06

Section of issue

Link of time: history of societies and civilizations

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