russian chinese energy relations
History of China-Russia energy deals
Now I would like to explain you something about the history of energy deals between Russia and China. Despite frequent declaration of goodwill and bilateral energy cooperation the Russian- Chinese energy relations since 1991 have been limited by mutual suspicion, pricing concerns, inadequate transportation infrastructure, and competition for influence in Eurasia.
The official relationship between China and Russia has been upgraded three times since the establishment of diplomatic relations in 1991.
Beginning as Good-neighborly and mutually beneficial in December 1992
Evolved into constructive partnership in September 1994
Finally they formed the strategic partnership pf coordination in April 1996
The focus on energy deals has always been an important factor in their relationship building. One of the first mutual energy cooperation between Russia and China was in 1991, the construction of a nuclear power station in Lianyungangbang China.
The late 90s also marked the beginning of feasibility studies for natural gas and oil pipeline projects from the east and west Siberia toward China and asia. In 2001, the Russian company Yukos proposed the Eastern Siberia-Pacific Ocean (ESPO) Oil pipeline project, which would link Yokos’s oil refinery in Angarsk to Daqing, in northern China. (my colleagues will tell you more over this project) But we must remember that at that time, rail route transportation was the only mean of transporting oil into the growing Chine market.
The situation of the two countries until 90s.
As we all know, the Chinese economy has grown exponentially in the last three decades, starting from the 1970ties. Till the 90ties China had always been self-sufficient in energy demand. But by the mid-1990s, China could no longer remain self-sufficient in energy. Because of the extreme economic growth from this time the national energy companies of China could not satisfy the energy hungry economy of China,
Now I would like to explain you something about the history of energy deals between Russia and China. Despite frequent declaration of goodwill and bilateral energy cooperation the Russian- Chinese energy relations since 1991 have been limited by mutual suspicion, pricing concerns, inadequate transportation infrastructure, and competition for influence in Eurasia.
The official relationship between China and Russia has been upgraded three times since the establishment of diplomatic relations in 1991.
Beginning as Good-neighborly and mutually beneficial in December 1992
Evolved into constructive partnership in September 1994
Finally they formed the strategic partnership pf coordination in April 1996
The focus on energy deals has always been an important factor in their relationship building. One of the first mutual energy cooperation between Russia and China was in 1991, the construction of a nuclear power station in Lianyungangbang China.
The late 90s also marked the beginning of feasibility studies for natural gas and oil pipeline projects from the east and west Siberia toward China and asia. In 2001, the Russian company Yukos proposed the Eastern Siberia-Pacific Ocean (ESPO) Oil pipeline project, which would link Yokos’s oil refinery in Angarsk to Daqing, in northern China. (my colleagues will tell you more over this project) But we must remember that at that time, rail route transportation was the only mean of transporting oil into the growing Chine market.
The situation of the two countries until 90s.
As we all know, the Chinese economy has grown exponentially in the last three decades, starting from the 1970ties. Till the 90ties China had always been self-sufficient in energy demand. But by the mid-1990s, China could no longer remain self-sufficient in energy. Because of the extreme economic growth from this time the national energy companies of China could not satisfy the energy hungry economy of China,