BEIJING - China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security, President Xi Jinping said on Tuesday, as the G-7 grouping of nations prepares to impose new measures on Russia’s oil exports.
“China is willing to work with Russia to forge a closer energy partnership, promote clean and green energy development and jointly maintain international energy security and the stability of industry supply chains,” Mr Xi said, according to the report.
The Rosneft-led Vostok Oil project, which combines already producing oil fields and the ones yet to be launched later this decade, “guarantees long-term safe and guaranteed energy supplies to the growing Asian economies”, Mr Sechin said, which should help to avoid sharp price volatility. On Tuesday, Mr Sechin said Chinese investors would be welcome to join the Northern Sea Route, or the Arctic shipment route which Moscow touts as an alternative to the Suez Channel, as Russia wants China to recognise its insurance certificates for maritime transportation.
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