Research on China’s Participation in International Cooperation in the Arctic from the Perspective of the “Polar Silk Road”
- Author(s): Wang Yufeng
PAPER DETAILS
- Social Studies
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Paper ID: UIJRTV5I50007
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Volume: 05
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Issue: 05
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Pages: 72-76
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March 2024
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ISSN: 2582-6832
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Abstract
China, as the most important LNG importer in the Asia-Pacific region, has a huge dependence on energy imports. Russia, as an energy power, has found the vast majority of oil and gas resources in Russia, and Russia possesses more than 80% of the natural gas oil and gas field in the Arctic. The Arctic, as a natural resource, has become the competition for the object. As an Arctic country, Russia has a natural advantage in this regard. Russia proposed that China and Russia jointly develop and utilize the Arctic shipping routes to build the “Polar Silk Road”, and cooperated with the Yamal LNG project and the Arctic LNG 2 project. This has greatly eased the pressure on China’s energy demand and increased its energy supply channels. At the same time, it has also expanded China’s ways to participate in the Arctic governance, and increased international exchanges and cooperation, so that China can safeguard its overseas interests in the process of effectively participating in the governance of the Arctic region.