Published in «Journal of International Economic Affairs»3 / 2019
DOI: 10.18334/eo.9.3.41018

Strategic aspects of China's energy transition

Salygin Valeriy Ivanovich, International Institute of Energy Policy and Diplomacy of MGIMO University, Russia

Novikov Ivan Alekseevich, International Institute of Energy Policy and Diplomacy of MGIMO University, Russia

Mustafinov Ruslan Kamilevich, International Institute of Energy Policy and Diplomacy of MGIMO University, Russia

Внешнеэкономические аспекты сотрудничества России и Китая в нефтегазовой сфере - View in Russian

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Abstract:
High rates of exploitation of the domestic resource base and the significant role of the oil and gas sector in the formation of the budget revenues necessitate a detailed analysis of the risks of changes in the situation of the largest energy markets. The demands of the global economy are being transformed due to the expansion of opportunities for the development of alternative deposits, the development of transport and energy infrastructure, the improvement of renewable energy technologies and the digitalization of energy. According to the authors' vision and medium-term forecasts of international agencies, oil and gas markets will remain politicized. The predominance of traditional power stations remains a basic aspect of the energy security of the major powers. Demand primarily depends on the strategic development of the largest consumers and the existence of rational alternative opportunities.

Keywords:

china, energy sector, export, hydrocarbons, innovation paradigm

JEL-Classification: F13, N55, Q35

Citation:
Salygin V.I., Novikov I.A., Mustafinov R.K. (2019). Strategic aspects of China's energy transition [Vneshneekonomicheskie aspekty sotrudnichestva Rossii i Kitaya v neftegazovoy sfere]. Journal of International Economic Affairs, 9(3). (in Russian). – doi: 10.18334/eo.9.3.41018.


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