May 03, 2024

China-ASEAN Energy Cooperation Supports Sustainable Development

On October 29th, leaders of China and ASEAN issued the "Joint Statement of the Leaders of China and ASEAN on Sustainable Development" in Hanoi, the capital of Vietnam. The statement specifically stated that China and ASEAN should strengthen scientific research and technological cooperation in the areas of energy efficiency, new energy and renewable energy, emission reduction, and environmental protection, and promote the application of high-efficiency, environmental protection, energy-saving technologies, and clean technologies, and increase the use of non-fossil energy sources. The proportion of energy consumption. In this regard, industry analysts believe that energy cooperation has become an important part of China-ASEAN relations.
It is understood that the cooperation between China and ASEAN in the energy sector was prosperous in the mid-1990s. In recent years, the cooperation between China and ASEAN in the energy sector has gradually become closer. In April 2009, China began preparations for a China-ASEAN Investment Cooperation Fund with a total size of US$10 billion to support regional infrastructure construction, mainly investing in major investment cooperation projects in both energy resources and information and communications. Today, this fund has been completed and put into operation at the end of March this year.
On September 10, this year, the China-Myanmar oil and gas pipeline project in China began construction in Anning City, Kunming. At the same time, as a supporting construction project for China-Myanmar crude oil pipelines, a 10 million-ton/year oil-refining project is also laying the foundation for construction in Anning City. These two projects are expected to be completed and put into operation in 2013. According to China’s current imports of more than 200 million tons of crude oil, the volume of oil and gas pipeline projects will account for one-tenth, while the 10 million tons/year of oil refinery products will be mainly sold to the three cities of Yunnan, Guizhou, and Guangxi, greatly improving the finished products in the southwest region. Oil supply shortages, ease of oil and gas transport capacity conflict.
Not long ago, the famous "Chinese sugar capital" Guangxi and Vietnam, Thailand and other countries reached an agreement on the development of new energy sources for the development of biomass and cassava and sugar cane. All parties negotiate to provide high-tech varieties, bio-fertilizers, free technical guidance, and insured purchases by Chinese companies, and provide land and labor for foreign parties.
At the signing ceremony of the recently concluded 7th China-ASEAN Expo economic cooperation project, 76 international economic cooperation projects involving infrastructure, transportation, energy and other fields were successfully signed, with a total investment of 3.298 billion U.S. dollars. Among them, the investment of nearly 2.3 billion U.S. dollars Guangdong Zhenjing Energy Co., Ltd. and the 5 million-ton oil refinery plant and the refined oil sales network project in cooperation with Myanmar enterprises have become China and ASEAN representatives in the energy sector.

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