Energy Cooperation along the Belt and Road: Status-quo, Problems and Suggestions

The "Belt and Road Initiative" was proposed by China in order to deepen international cooperation. The promotion of this initiative will have a positive and far-reaching impact on the sustainable development of China’s economy. Energy cooperation has become an important part of China’s opening up to the outside world. It is of great significance in safeguarding national security, ensuring stable supply of energy, improving China’s rights of speech in international energy markets, and helping China’s energy companies to "go global". So far, energy cooperation along the Belt and Road has achieved a good start. Oil and gas companies such as CNPC and Sinopec have moved very fast in overseas cooperation, and new energy companies are actively following up. In order to achieve practical results in China’s energy cooperation, this paper analyzesseveral problems and puts forward policy proposals.