- Enhanced Collaboration: China and Russia have agreed to strengthen cooperation in oil and mineral exploration, extraction, processing, and transportation.
- Nuclear Partnership: The two nations will also deepen their partnership in nuclear energy, including the construction of new nuclear power plants.
- Energy Supply: Russia is already China’s largest oil supplier and aims to become its top gas supplier soon.
China and Russia have announced plans to bolster their collaboration in the energy sector, focusing on several key areas, including the exploration, extraction, processing, and transportation of oil and other minerals. The agreement also includes enhancing their partnership in the nuclear energy sector. This announcement came after a meeting in Moscow between Russian Prime Minister Mikhail Mishustin and Chinese Premier Li Qiang.
The two countries agreed to cooperate on the construction and stable operation of the China-Russia oil and gas pipelines. They also plan to expand their collaboration on liquefied natural gas (LNG) projects and explore further cross-border energy cooperation opportunities. These initiatives could include energy storage, hydrogen energy production, and the joint construction of nuclear power plants.
Russia currently stands as China’s largest oil supplier and is expected to soon become the top supplier of natural gas as well. Despite Beijing’s view of Russia’s ongoing war in Ukraine as a disruption to the international order, China remains a steadfast ally of Moscow. The two nations have grown closer in recent years, forming a strategic partnership united in opposition to the West.
This report is based on information from TASS
