PROBLEMS AND PROSPECTS OF ENERGY COOPERATION OF RUSSIA AND CHINA

This article is devoted to the study of the problems and prospects for the development of Russian-Chinese relations in the energy sector. The relevance of the topic of this article lies in the existing problems between states in energy cooperation for a long time. The prospects for the development of this area also determine the relevance of the topic of the article. To write this work, various foreign and domestic sources were studied. In addition, regulatory and legal sources such as the energy strategy of China, the energy strategy of Russia until 2035 and other interstate documents of the Russian Federation and the PRC in the energy sector were used. The study used data from the official websites of leading energy companies in Russia and China, such as Gazprom and Rosneft, as well as data from the Chinese oil and gas company CNPC. This paper analyzes the main problems of interaction between Russia and China in the energy sector. For example, the problem of pricing for energy resources, lack of trust, conflict of interests, etc. The article indicates the reasons for the priority of the Chinese energy market for the Russian Federation. Particular attention is paid to further prospects for cooperation between the Russian Federation and the PRC in the energy sector. The article notes the significant role of the investment process in the development of the energy sector. The article says that the prospects for energy cooperation are manifested in the development, signing of many different agreements and in the implementation of various economic projects. The paper notes that the Power of Siberia gas pipeline has great prospects due to the fact that there are a number of positive
aspects in the implementation of this project.
As a result of the research, the author came to the following scientific results - despite on some problems, energy cooperation between Russia and China has a positive dynamics of development; the prospects for this cooperation are weighty; cooperation between the Russian Federation and the PRC in the energy sector is aimed at increasing the energy efficiency of states, as well as their common desire to enter the international level of modernization. In addition, this cooperation ensures and will ensure the stable development of states in the future and contribute to the strengthening of their security. States are trying to build long-term relationships by concluding various agreements in all areas of activity, however, unfortunately, now these attempts have not been crowned with success.