Analysis of Oil and Gas Cooperation between China and Russia in the Belt and Road

School of Economics and Management, North China University of Technology, Beijing, China

^* Corresponding author: zxf511@163.com

Abstract

With the deepening of economic globalization and regional economic integration and the “One Belt and One Road” strategic layout, China and Russia in the field of regional energy cooperation has been expanded to deepen. This paper analyzed the present situation of energy cooperation between China and Russia from the field of oil, coal and natural gas, and concludes that Sino-Russian energy cooperation is the following factors: strong cooperation and strong energy complementarities, and then analyzed the way to the Sino-Russian oil and gas cooperation. However, there are some problems in the energy cooperation between the two countries: the energy infrastructure in China and Russia is not perfect, the difference between Russia and Northeast China is poor, and there are some hidden dangers of energy security. The cultural dilemma hinders the exchange between the two countries. Finally, from the “One Belt and One Road” strategy for the Sino-Russian energy cooperation provides an opportunity to put forward the establishment and strengthening of energy infrastructure, relying on “One Belt and One Road” Orientation to ensure energy security, strengthen cultural cooperation and adhere to the “One Belt and One Road” uphold the principle of mutual benefit and other countermeasures.