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In China, the demand for hydrocarbons continues to grow
According to the Chinese news agency Xinhua, energy cooperation helps strengthen the strategic partnership between China and Russia. This opinion was expressed by Sun Yongxiang, a researcher at the Institute for Social Development in Eurasia of the Center for Development Studies under the State Council of China, during the video conference Beijing-Moscow on Tuesday.
China is a large economic entity, Russia is a large energy producer, cooperation between the two countries is normal, Sun Yongxiang said. "With such interaction, it is very important to hold intergovernmental negotiations on the price at which energy carriers will be provided so that it is acceptable to both parties," he stated.
Deputy Director of the Energy Strategy Institute Alexei Belogoriev believes that for China, a significant advantage of Russian energy resources is the possibility of their direct land supplies without transit risks.
According to Xia Ishan, a researcher at the China Institute of International Studies, China is experiencing a shortage of oil and gas and needs to import large amounts of energy. In the context of ensuring energy security and diversifying China's imports, Russia occupies a particularly important place.
Recall that at present, the Chinese and Russian sides are actively cooperating on the signing of a contract on gas supplies to China. “We agreed that before the Russian President’s visit to China in May this year, it is necessary to reach agreements on a number of issues, or at least accelerate the preparation of relevant contracts. These are contracts in the gas sector, the supply of gas from Russia to China via the eastern route, "Russian Deputy Prime Minister Arkady Dvorkovich, who was on a visit to China, said recently.
"In Russia, the price for natural gas is $ 108 / thousand cubic meters, the average export price is $ 380 / thousand cubic meters," Sun Yongxiang said, predicting that the starting price to China would be at least $ 400, taking into account the construction of the Sila gas pipeline. Siberia ".
In China, demand for hydrocarbons continues to grow, ”Xia Yishan confirmed. According to him, oil imports to China in January-August last year increased by 7,9 percent, and gas - by 26,1 percent. And this trend will continue.