Chinese Vice-Premier Zhang Gaoli and Deputy Prime Minister of Russia Arkady Dvorkovich formally agreed to expand energy cooperation between the two nations at the 14th annual China-Russia Energy Cooperation Committee summit, the 21st Century Business Herald reported.
The collaboration has achieved “outstanding results,” and the agreement will inject more impetus towards China and Russia cooperation, said Zhang.
Russia is currently the top exporter to China for oil and energy, and the fifth for coal, the report said. China is also set to complete a Russian oil and gas pipeline from Moh at the Russian border to Daqing, a city in the Northeastern province of Heilongjiang.
An official from Xiamen University also told 21st Century that energy cooperation between the two countries dates back to 1996 and closer ties between the two countries in the field is expected in future.
The meeting also saw both sides exchange views on natural gas and coal power, as well as agreeing to accelerate cooperation in the areas of energy equipment and strategic programs, the report added.
how good are those sanctions now?