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The world's energy landscape is undergoing profound changes. The "capping" of oil demand is just around the corner, natural gas is difficult to compete with renewable energy, oil and gas supply competition is intensifying, and the Asian market still has room for expansion. China has close energy ties with Middle Eastern countries and has formed an interdependent "energy security community". The two sides have common interests and cooperation potential in reducing safety risks in energy producing areas and transportation corridors, improving the level of oil and gas cooperation, and expanding new areas of renewable energy cooperation. China can promote the potential of bilateral energy cooperation into reality by strengthening mutual investment, exploring diversification of trade settlement currencies, conducting inclusive international oil price dialogue, participating in renewable energy cooperation, easing regional tensions, upholding the norms of international law, improving the public opinion environment and strengthening security capabilities.(AI翻译)
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