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China, Russia eye closer energy cooperation at bilateral forum amid external risks

 

Chinese President Xi Jinping said on Tuesday that China is ready to work with Russia to forge a closer partnership in energy cooperation, the Xinhua News Agency reported, as both countries are seeking to expand energy trade amid an increasingly unstable global energy market.

Energy cooperation is an important cornerstone of practical cooperation between China and Russia, and also a positive force for maintaining global energy security, Xi said in a congratulatory letter sent to the 4th China-Russia Energy Business Forum.

In the face of external risks and challenges, the two countries have strengthened communication and coordination and pushed forward major cooperation projects, which have demonstrated the resilience of China-Russia energy cooperation and the broad prospects for the China-Russia comprehensive strategic partnership in a new era, he said.

Xi also said the Chinese side stands ready to join hands with Russia to push for clean and green energy development, and to safeguard international energy security and the stability of industrial and supply chains, thereby making new contributions to the long-term, healthy and sustainable development of the global energy market, according to Xinhua.

Also on Tuesday, Russian President Vladimir Putin sent a congratulatory letter to the energy business forum. According to Russian news agency RIA Novosti, Putin said that the two countries have managed to ensure a high level of ties in the oil and gas, coal and electric power sectors, adding that large-scale joint projects for the construction of nuclear power plants in China and the production of liquefied natural gas in the Russian Arctic are being implemented.

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Published on 11/30/2022 (62 days ago) General