Russian Energy Diplomacy and China-Russia Oil and Gas Cooperation

Author: Zheng Yu
Publisher:
Publish Date: 2003-07-01
Features: In the context of energy diplomacy in this book, the term "energy" specifically refers to oil and natural gas for the convenience of writing. This is partly because it follows the conventional usage in the Russian academic community, and also because of the prominent share of oil and gas trade in the current international energy market. Energy is the lifeblood of modern industrial society, a crucial yet unpredictable factor affecting world economic development and national security. The Russian oil and gas complex accounts for approximately 12% of the country's industrial output, about 40% of the Russian Federation's revenue, over 60% of industrial income, and nearly 40% of Russia's total export volume. It is evident that efficiently utilizing Russia's unique energy potential is the foundation for revitalizing its economy and enhancing the welfare of its people. It is also a key component of Russia's integration into the global economy, and expanding energy exports is a vital aspect of safeguarding the country's interests.