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Zhang Gaoli and Deputy Prime Minister Arkady Dvorkovich of Russia Hold the Co-chairs' Meeting of China-Russia Energy Cooperation Committee
2017/04/13

On April 12, 2017 local time, Vice Premier Zhang Gaoli and Deputy Prime Minister Arkady Dvorkovich of Russia held the Co-chairs' Meeting of China-Russia Energy Cooperation Committee in Moscow.

Zhang Gaoli said that under the personal care and promotion of President Xi Jinping and President Vladimir Putin, bilateral energy cooperation has achieved a series of new outcomes since the 13th meeting of China-Russia Energy Cooperation Committee. There are remarkable results in bilateral energy trade. Last year, Russia became China's biggest source of imports of crude oil and electricity as well as the fifth biggest source of import of coal, and China's crude oil import volume from Russia hit a new historical record again. Both sides have constantly pushed forward major strategic cooperation programs, and made positive progress in upstream and downstream integrated cooperation in energy. The aim of my visit to Russia and meeting with Deputy Prime Minister Arkady Dvorkovich is to implement the important consensus on energy cooperation reached by the two heads of state, and prepare more outcomes for the meeting between leaders of the two countries within this year.

Zhang Gaoli expressed that China and Russia enjoy sound foundation, broad space and great potential in energy cooperation. Under the current background of profound adjustment facing the world economy, both sides should continuously deepen energy cooperation, actively advance the processes of China-Russia East Route natural gas pipeline, Yamal liquefied natural gas and other projects, enhance upstream cooperation projects in oil and natural gas , carry out cooperation in gas storage, natural gas power generation and natural gas engine, and actively push forward cooperation in such areas as mutual recognition of standard and conformity assessment, so as to push bilateral energy cooperation for more practical achievements.

Arkady Dvorkovich expressed that he completely agrees with Vice Premier Zhang Gaoli's appraisal on bilateral energy cooperation. Russia-China comprehensive strategic partnership of coordination conforms to the fundamental interests of the two countries and the two peoples. The prosperous development of China's economy is conducive to the recovery and growth of global economy, and it is also a piece of good news for bilateral practical cooperation. Russia and China have witnessed the rapid growth in bilateral trade since this year, and Russia's exports in crude oil, coal and electricity to China have maintained a sound momentum. Russia is willing to, together with China, push bilateral exchanges and cooperation in various fields including energy cooperation for more outcomes.

During the meeting, both sides exchanged views on cooperation in bilateral major energy projects and reached extensive consensus.

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