Sino-Russian energy cooperation in the post-Cold War (2000-2021)

Abstract

This article aims to analyze Sino-Russian energy cooperation. Energy cooperation is the cornerstone in the relations between Russia and China. The Russian interest in this cooperation is to assure demand for the country’s energy exports, to acquire investment capital, and to benefit from Chinese labour. On the Chinese side, the aim has been to obtain access to Russian natural resources and to invest surplus capital. Despite the overlap in supply and demand, as well as the geographical proximity, the Russian energy market is directed towards Europe, while Chinese energy demand primarily is covered by the Middle East and Central Asia. The need for energy diversification has changed this situation and spurred Sino-Russian cooperation. The article is structured in three parts: it first presents Sino-Russian energy trade, secondly, it treats the agreements signed between both countries, and finally, it analyses energy cooperation. We concluded that this cooperation tends to endure due to the energy-related ties formed as part of the long-term agreements and construction of infrastructure. Also, that this cooperation is of a strategic nature for both countries, as it offers an alternative to other energy relations and provides the necessary room of maneuver to defend central political and security-related interests.

Keywords

• Energy cooperation; Russia; China.