China, Russia to expand energy cooperation

CMS (2013-10-16 10:57) [Full Text]

 

BEIJING -- China and Russia on Tuesday pledged to expand energy cooperation in projects ofoil and gas supplynuclear energy and renewable energy.

Chinese Vice Premier Zhang Gaoli and Russian Deputy Prime Minister Arkady Dvorkovich co-chaired the tenth meeting of China-Russia energy cooperation committee in Beijingwhichagreed to advance cooperation in a number of energy sectors.

Noting that energy cooperation is a key area of China-Russia cooperationZhang said hehoped to advance discussion on existing projects and find new sectors for cooperation throughthe committee's effort.

"China is willing to expand all-around energy cooperation with RussiaWe hope the two sidescan work together to ensure the increase of Russian oil supplies to Chinaexpand cooperationin upstream oil projects and set a refinery joint venture in Tianjin as a pilot project," Zhang said.

He said China also hopes to work with Russia on natural gas and nuclear energy projects,increase coal and electricity import from Russiaand expand cooperation in fields of renewableenergy and energy efficiency.

"The Chinese leadership attaches great importance to developing the  comprehensive relationsof strategic cooperation and partnership with Russia," Zhang saidadding that energycooperation is an important component of their partnership.

The China-Russia cooperation is highly complementary in terms of resourcemarket andtechnologywhich means huge potentialZhang said.

Dvorkovich said Russia is ready to work with China to take advantage of each other'scompetitiveness and achieve new cooperation in energy sectors.

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