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In recent years, China and Russia have witnessed lots of highlights in their energy cooperation, with breakthroughs and achievements made in some major programs. Deepening energy cooperation is not only a future-oriented strategic move for the two countries, but also an important and fundamental element of their relations, which is of great significance to their national interests. China and Russia should grasp opportunities, establish new thinking on their cooperation, properly handle their interests, innovate their cooperation model, earnestly push forward their all-round cooperation in the energy sector, and release the great economic potential of the strategic partnership between the two countries, making it a solid foundation for the in-depth combination of their bilateral relations and common interests. China-Russia energy cooperation will also exert an immeasurable and far-reaching impact on the global energy landscape and trends.
China-Russia Energy Cooperation： Charting a New Chapter
In the strong development momentum of China-Russia relations, energy cooperation is writing a new chapter for their bilateral relations with its eye-catching achievements. The promising energy cooperation has become an important symbol and strategic support that has propelled China-Russia relations to improve constantly. The energy cooperation between China and Russia demonstrates the following features：
1. Rapid improvement
In April 1996, the two countries signed the Agreement on the Energy Cooperation between the People’s Republic of China and the Russian Federation. If that is viewed as the starting point, then it has been nearly 20 years since the two countries established energy cooperation ties. For a long time, under the influence of factors such as geopolitics and their domestic situations, negotiations between the two sides were not smooth, and no substantive achievements were made. At one point, the China-Russia oil pipeline project was suspended as the pipeline was to be rerouted; PetroChina suffered setbacks twice when it was bidding for Russia’s Slavic Oil and in its cooperation with Yukos. But since 2008, the process of bilateral energy cooperation has been significantly accelerated： In July 2008, the Sino-Russian Energy Negotiation Mechanism was launched in Beijing; in 2009, the two countries signed the framework agreement for a Memorandum of Understanding on Oil Cooperation; in September 2010, the China-Russia oil pipeline was completed on time, which means that the two sides have officially begun oil transportation operations through the pipeline. Meanwhile, natural gas cooperation between the two countries has also seen rays of hope. In May 2014, during President Vladimir Putin’s visit to China, the two sides signed natural gas agreements with the biggest size in the history of bilateral relations： the MOU of the China-Russia East Route Gas Cooperation Project and the China and Russia Purchase and Sales Contract on East Route Gas Project between PetroChina and Gazprom. In November 2014, the two countries signed their Memorandum of Understanding on the Russian Federation’s Gas Supply to the People’s Republic of China through the West Route Natural Gas Pipeline, and the Framework Agreement between China National Petroleum Corporation and Gazprom on Gas Supply from the Russian Federation to the People’s Republic of China through the West Route Natural Gas Pipeline.
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