IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v16y2023i21p7326-d1269765.html
   My bibliography  Save this article

Research on Oil and Gas Energy Cooperation between China and Central-North Asian Countries under the “One Belt and One Road” Strategy

Author

Listed:
  • Mingchen Duan

    (Business School, Gansu University of Political Science and Law, 6 West Anning Road, Lanzhou 730070, China)

  • Yi Duan

    (Gansu Provincial Key Laboratory of Petroleum Resources, Lanzhou Center for Oil and Gas Resource, Northwest Institute of Eco-Environment and Resources, Chinese Academy of Sciences, Lanzhou 730000, China)

Abstract

The “One Belt and One Road” strategy provides a new opportunity for deepening oil and gas energy cooperation between China and Central-North Asian countries. This paper systematically studies the supply and demand characteristics, interdependence and cooperation prospects of oil and gas between them using relevant oil and gas energy data of these countries from 2016 to 2021. The objective of this research is to provide a basis for the overall planning of oil and gas energy cooperation between China and Central-North Asian countries in the future. The results show that the proven reserves of oil and gas in Central-North Asian countries are high; particularly, the proven reserves of natural gas account for 30% of the world. These countries also have high oil and gas self-sufficiency rates. These have laid a material foundation for China to strive for the sustained and stable import of oil and gas energy from Central-North Asian countries. At the same time, there are great imbalances in oil and gas reserves, production, consumption, available exports and their growth rates among Central-North Asian countries, which provide a basis for China and Central-North Asian countries to make strategic decisions on oil and gas energy differential cooperation. China imports 80 × 10 6 tons of oil and 490 × 10 8 cubic meters of gas from Central-North Asian countries every year and Chinese dependence on oil and gas imports in this region is 16% and 37%, respectively. The study believes that China has certain potential to increase the import of oil and gas from Central-North Asian countries and has good prospects for oil and gas cooperation. It is proposed that China should give priority to increasing oil and gas exploration and development cooperation with Central-North Asian countries with high oil and gas reserve–production ratios, and should strengthen oil and gas resource trade cooperation with Central-North Asian countries with high oil and gas self-sufficiency rates. At the same time, China should increase investment and cooperation in the midstream and downstream business of the oil industry in major Central-North Asian countries through various financing channels. China should uphold the principle of win–win cooperation to promote the in-depth and steady development of oil and gas energy cooperation between China and Central-North Asian countries.

Suggested Citation

  • Mingchen Duan & Yi Duan, 2023. "Research on Oil and Gas Energy Cooperation between China and Central-North Asian Countries under the “One Belt and One Road” Strategy," Energies, MDPI, vol. 16(21), pages 1-17, October.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:21:p:7326-:d:1269765
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/16/21/7326/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/16/21/7326/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lin, Boqiang & Bae, Nuri & Bega, François, 2020. "China's Belt & Road Initiative nuclear export: Implications for energy cooperation," Energy Policy, Elsevier, vol. 142(C).
    2. Huang, Yiping, 2016. "Understanding China's Belt & Road Initiative: Motivation, framework and assessment," China Economic Review, Elsevier, vol. 40(C), pages 314-321.
    3. Lin, Boqiang & Bega, François, 2021. "China's Belt & Road Initiative coal power cooperation: Transitioning toward low-carbon development," Energy Policy, Elsevier, vol. 156(C).
    4. Yang, Bo & Swe, Thidar & Chen, Yixuan & Zeng, Chunyuan & Shu, Hongchun & Li, Xin & Yu, Tao & Zhang, Xiaoshun & Sun, Liming, 2021. "Energy cooperation between Myanmar and China under One Belt One Road: Current state, challenges and perspectives," Energy, Elsevier, vol. 215(PB).
    5. Talha Yalta, A. & Cakar, Hatice, 2012. "Energy consumption and economic growth in China: A reconciliation," Energy Policy, Elsevier, vol. 41(C), pages 666-675.
    6. Wu Hao & Syed Mehmood Ali Shah & Ahsan Nawaz & Ali Asad & Shahid Iqbal & Hafiz Zahoor & Ahsen Maqsoom, 2020. "The Impact of Energy Cooperation and the Role of the One Belt and Road Initiative in Revolutionizing the Geopolitics of Energy among Regional Economic Powers: An Analysis of Infrastructure Development," Complexity, Hindawi, vol. 2020, pages 1-16, October.
    7. Aguilera, Roberto F. & Inchauspe, Julian & Ripple, Ronald D., 2014. "The Asia Pacific natural gas market: Large enough for all?," Energy Policy, Elsevier, vol. 65(C), pages 1-6.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gao, Cuixia & Tao, Simin & Su, Bin & Mensah, Isaac Adjei & Sun, Mei, 2023. "Exploring renewable energy trade coopetition relationships: Evidence from belt and road countries, 1996-2018," Renewable Energy, Elsevier, vol. 202(C), pages 196-209.
    2. Bega, François & Lin, Boqiang, 2023. "China's belt & road initiative energy cooperation: International assessment of the power projects," Energy, Elsevier, vol. 270(C).
    3. Lu, Shuai & Chen, Ning & Zhou, Wei & Li, Shouwei, 2024. "Impact of the belt and road initiative on trade status and FDI attraction: A local and global network perspective," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 1468-1495.
    4. Yanmei Li & Xiushan Bai, 2022. "How Can China and the Belt and Road Initiative Countries Work Together Responding to Climate Change: A Perspective on Carbon Emissions and Economic Spillover Effects," IJERPH, MDPI, vol. 19(15), pages 1-17, August.
    5. Schulhof, Vera & van Vuuren, Detlef & Kirchherr, Julian, 2022. "The Belt and Road Initiative (BRI): What Will it Look Like in the Future?," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    6. Bega, François & Lin, Boqiang, 2024. "China's Belt & Road Initiative hydropower cooperation: what can be improved?," Renewable Energy, Elsevier, vol. 221(C).
    7. Xiue Li & Zhirao Liu & Tariq Ali, 2024. "Energy–Economy–Carbon Emissions: Impacts of Energy Infrastructure Investments in Pakistan Under the China–Pakistan Economic Corridor," Sustainability, MDPI, vol. 16(23), pages 1-26, November.
    8. Bega, François & Lin, Boqiang, 2025. "China's Belt & Road Initiative wind energy cooperation: Wind of change for the Chinese energy finance?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 208(C).
    9. Yuan Chang & Xinguo Ming & Xianyu Zhang & Tongtong Zhou & Xiaoqiang Liao & Sijia Cao, 2021. "Servitization and Sustainable Value Creation Strategy for China’s Manufacturing Industry: A Multiple Case Study in the Belt and Road Initiative," Sustainability, MDPI, vol. 13(20), pages 1-28, October.
    10. Mishra, Vinod & Smyth, Russell, 2014. "Convergence in energy consumption per capita among ASEAN countries," Energy Policy, Elsevier, vol. 73(C), pages 180-185.
    11. Damoah, Kaku Attah & Giovannetti, Giorgia & Marvasi, Enrico, 2022. "Do country centrality and similarity to China matter in the allocation of belt and road projects?," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 660-674.
    12. Meza, Abel & Koç, Muammer & Al-Sada, Mohammed Saleh, 2022. "Perspectives and strategies for LNG expansion in Qatar: A SWOT analysis," Resources Policy, Elsevier, vol. 76(C).
    13. Salma Ahmed, 2023. "Development Of Asia-Pacific Countries: Does Belt And Road Initiative Make Any Difference?," Asia-Pacific Sustainable Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 30(1), pages 217-262, May.
    14. Shi, Xunpeng & Padinjare Variam, Hari Malamakkavu, 2016. "Gas and LNG trading hubs, hub indexation and destination flexibility in East Asia," Energy Policy, Elsevier, vol. 96(C), pages 587-596.
    15. Krishna Chaitanya Vadlamannati & Yuanxin Li & Samuel Brazys & Alexander Dukalskis, 2019. "Building Bridges or Breaking Bonds? The Belt and Road Initiative and Foreign Aid Competition," Working Papers 201906, Geary Institute, University College Dublin.
    16. David Gattie & Michael Hewitt, 2023. "National Security as a Value-Added Proposition for Advanced Nuclear Reactors: A U.S. Focus," Energies, MDPI, vol. 16(17), pages 1-26, August.
    17. Wang, Chao & Zhang, Xuemei & Hu, Xiaoqian & Lim, Ming K. & Xu, Yuanhong & Chang, Ping-Chen & Ghadimi, Pezhman, 2025. "Dynamics and drivers of global secondhand clothing trade: Implications for sustainable energy and circular economy in fashion," Renewable and Sustainable Energy Reviews, Elsevier, vol. 209(C).
    18. Lin, Boqiang & Bega, François, 2021. "China's Belt & Road Initiative coal power cooperation: Transitioning toward low-carbon development," Energy Policy, Elsevier, vol. 156(C).
    19. Che, Xiao-Jing & Zhou, P. & Chai, Kah-Hin, 2022. "Regional policy effect on photovoltaic (PV) technology innovation: Findings from 260 cities in China," Energy Policy, Elsevier, vol. 162(C).
    20. Yuanying Chi & Wenbing Zhou & Songlin Tang & Yu Hu, 2022. "Driving Factors of CO 2 Emissions in China’s Power Industry: Relative Importance Analysis Based on Spatial Durbin Model," Energies, MDPI, vol. 15(7), pages 1-15, April.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:16:y:2023:i:21:p:7326-:d:1269765. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.