Energy Cooperation between the EAEU and China
https://doi.org/10.21686/2410-7395-2019-4-135-144
Abstract
In May 2018, the Eurasian economic union (EAEU) and China signed a non-preferential agreement on trade and economic cooperation. The agreement provides for joint projects in many economics sectors. For China, this agreement is a new step in the implementation of the large – scale project «One belt-one road», as well as an attempt to approach the creation of a free trade zone in the SCO countries. For the EAEU, the trade agreement with China is an attempt to establish its own game rules in the process of pairing the EAEU and the Silk road economic belt. Attracting investment from China will allow the EAEU countries to develop large transport and energy projects, because China is still one of the world leaders in energy consumption. However it is important to bear in mind that China faces two important energy challenges: on the one hand, the necessity of transition from coal to natural gas, and, on the other hand, the necessity of transition from fossil to renewable energy sources. The analysis of the current agreements shows China's interest in the EAEU countries only from a logistical point of view, which means the need for the EAEU countries to create a unique proposal for the supply of energy resources to China.
About the Author
Angelina V. Govorova
Lomonosov Moscow State University
Russian Federation
Russian Federation
Leading Specialist, Innovation Economics Department of the Faculty of Economics
1, bld. 46, Leninskie gory, Moscow, 119991, Russian Federation.
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Review
For citations:
Govorova A.V. Energy Cooperation between the EAEU and China. International Trade and Trade Policy. 2019;(4):135-144. (In Russ.) https://doi.org/10.21686/2410-7395-2019-4-135-144
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