China-Russia Energy Cooperation Reaffirmed at Business Forum

In a congratulatory letter to the Seventh China-Russia Energy Business Forum, Chinese leadership expressed readiness to strengthen comprehensive energy cooperation with Russia. The message emphasized joint efforts to safeguard the stability and smooth flow of global energy supply chains and to build a fairer, more just, balanced, and inclusive global energy governance system. This collaboration is viewed as injecting greater stability into global energy security and supporting the green and low-carbon transition.

Russian Commitment to Strategic Energy Partnership

Russian President Vladimir Putin, in his own congratulatory letter, identified the energy industry as a cornerstone of bilateral practical cooperation, with Russia being the leading supplier of oil and natural gas to China. The letter highlighted successful collaboration between Russian and Chinese specialists in areas including the construction of nuclear power plants, the development of clean energy sources, and the improvement of energy production and processing technologies.

Expanding Cooperation Across the Energy Spectrum

Chinese Vice Premier Ding Xuexiang, in his speech, called for strengthened cooperation along the entire industrial chain to ensure the safe and stable operation of cross-border energy channels and the smooth flow of energy trade. He emphasized that deeper strategic collaboration would yield mutually beneficial outcomes and stressed the importance of enhancing cooperation in energy transition, particularly in exploring the potential of renewable energy.

Strategic Priorities and Alliance Development

Russia's Deputy Prime Minister Alexander Novak underscored Moscow's commitment to the closest possible energy partnership with Beijing, describing the cooperation as consistently strengthening and evolving into a genuine strategic alliance. He outlined key strategic priorities, which include:

• Enhancing the energy security of both nations.
• Ensuring stable energy resource supplies.
• Expanding long-term hydrocarbon supply contracts.
• Pursuing technological collaboration.
• Implementing joint gas transportation projects.
• Developing cross-border infrastructure and logistics.

Corporate Engagement and Integrated Development

State-owned China National Petroleum Corporation (CNPC) reaffirmed its commitment to deepening engagement and cooperation with Russia. CNPC's chairman stated that oil and gas trade remains the key driver in creating an integrated development model for both fossil fuels and new energy. Russian oil and gas companies echoed this, describing China as a strategic ally and highlighting that Russian energy supplies play a role in helping China achieve its strategic goals. Both sides recognized that timely decisions to build modern hydrocarbon supply infrastructure are a critical factor in ensuring mutual energy security.