China calls to create 3 mutual energy markets
Beijing thinks that such a step will help building a cheap infrastructure and giving an access to inexpensive energy sources. The plan that was signed by Xi Jinping is about precipitating the cooperation among Asia, Europe and Africa.
The report published by China Academy of Social Sciences during the Global Energy Security Forum that was held in Beijing provides this data.
As the vice-president of academy Kai Fung stated, it is crucial to create the mutual energy markets based on a single financial platform. Therefore, he emphasized the necessity of closer economic cooperation with China and the countries stepping in Eurasian Land Bridge. Mr. Kai also added that China the biggest world energy consumer, thus a cheap access to energy sources is very essential for the country.
It is important to mention that China, the Russian Federation, Central Asia, the Middle East, some countries of Africa and the Indian Ocean, the Strait of Malacca and the South China Sea are included in the Eurasian Land Bridge.
The Academy report contained also suggestions about creating the Co2 trade centers in the East and South-East Asia, laying the gaspipe between China and Central Asia and intensification of cooperation in hydroenergy in the South-East Asia.
