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China's compressor industry needs to pay attention to Sino-Russian energy cooperation

Jul 13,2015

At present, Sino-Russian relations are in the best period of history, and the comprehensive strategic cooperative partnership between the two countries has reached a new stage. China and Russia are each other's most important and important strategic cooperation partners. Energy cooperation, as part of the Sino-Russian strategic partnership of cooperation, is increasingly showing its importance.


As an important part of China-Russia comprehensive strategic partnership of cooperation, energy cooperation is one of the areas of great concern and active promotion of the two heads of state and prime minister. It is also the key direction of pragmatic cooperation between China and Russia. The new Russian State Duma Energy Committee Chairman Mr. Bavier Zavalin revealed that energy supply is the basis of energy cooperation. He pointed out that China is one of the fastest growing countries in the world, and its development is accompanied by an increase in the demand for huge clean energy, especially natural gas. Russia and China have also started cooperation on electricity. In the future, China and Russia will also carry out in-depth cooperation in high-tech natural gas exploration and petrochemical industry.


In recent years, China has widely used compressed natural gas and liquefied natural gas for vehicle fuels. Russia is also making such efforts to gasification of vehicle fuel for public transportation. Russia has decided to carry out the fuel upgrade of the National Six standard, which will greatly help the improvement of the ecological environment, especially in large cities. In this field, Russia can also carry out extensive cooperation.


China is Russia's comprehensive strategic partner, which means that China and Russia can cooperate in all aspects of oilfield exploration, mining, transportation and processing. Of course, there is more in-depth cooperation, such as natural gas compressors and other equipment manufacturing industries necessary for natural gas mining and new energy vehicles. According to Mr. Bavier Zavalin, it was not long ago that the Russian State Duma approved the “East Line” agreement for supplying natural gas to China, and related construction has also been officially launched.


Sino-Russian energy cooperation has signed several major cooperation agreements, the most notable of which is the oil and gas supply and marketing agreement. From this perspective, China's compressor industry should pay more attention to Sino-Russian investment.


Mr. Bavil Zawaline believes that not only large oil and gas companies in Russia need to communicate with their Chinese counterparts, but some small and medium-sized enterprises are also very eager to cooperate with Chinese companies in oil and gas field development and petrochemical industry. China has a wealth of experience and numerous equipment suppliers in this area, which is a positive for our cooperation.


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