We will foster new driving forces for green development, guided by the goal of "double carbon"

In the context of increasing energy tension in Europe and other places, the difficulty of achieving both energy and environmental protection goals and energy security goals, and the fragmentation of the global energy industry chain, adhering to the concept of energy security under the conditions of opening up to the outside world, and promoting the construction of a modern energy system with a higher level and deeper level of opening up are conducive to jointly solving international energy security and environmental protection issues.

Taking advantage of its super-large energy market, China has built active and introduction-oriented international cooperation platforms such as the CIIE, and expanded its energy opening-up with concrete actions. Since the fifth CIIE, China's three major oil companies have signed a total purchase agreement of about 340 billion US dollars (more than 2 trillion yuan). China National Petroleum and other enterprises are the main force in expanding energy opening-up and cooperation by leveraging their energy purchasing power and advantages in the super-large-scale energy market.

During the Fifth China International Import Expo in 2022, major oil companies such as Sinopec, petrochina and CNOOC signed a total purchase agreement of more than 66.89 billion US dollars (nearly 500 billion yuan). Among them, on the first day of the Expo, petrochina signed 30 purchase agreements with 30 partners in the world such as Saudi Arabian National Oil Company, Kuwait Petroleum Company, Halliburton (China) Energy Services Co., Ltd. and SLB, with a total contract value of 16.79 billion US dollars.

The breadth and depth of China's opening up to the outside world in the energy sector are increasing, the upward, middle and downstream integration, and all-round cooperation between new and old energy sources are extended, and opening up to the outside world and opening up and cooperation at home are parallel. Recently, China's oil and gas pipeline network infrastructure was opened to the world's energy companies for the first time through a national expo, and the national pipeline network signed a letter of intent for service with companies such as Chevron and SK of South Korea.

Sino-foreign cooperation in the field of new energy is also growing. Recently, Sinopec and Shell, China Baowu, BASF signed a memorandum of understanding to carry out carbon dioxide capture and storage (utilization) cooperation; Signed a Memorandum of understanding on hydrogen energy cooperation with ThyssenKrupp; Renewed joint venture agreement with Honeywell; Memorandums of understanding on strategic consulting cooperation were signed with Deloitte and Ernst & Young respectively.

Expand international cooperation in the field of energy

We will promote the building of a green Silk Road

The opening up and cooperation of energy rules and standards is an important way to improve the global energy governance system, and is conducive to promoting the construction of a more fair, just, open and shared global energy governance system. China can turn its advantage in green energy production capacity into a new growth point for foreign energy cooperation, expand cooperation with countries along the Belt and Road, and ensure the safety of China's traditional energy imports. If we say that the CIIE is an international platform introduced by "nesting and attracting phoenix", the Belt and Road is an international platform for "peacock flying southeast" to go out and expand opening-up and cooperation.

Building a green Silk Road is an important way to eliminate trade barriers, resist the decoupling of chains, and strengthen cooperation in energy finance and technical standards. In terms of green and low-carbon transformation, CNPC has recently established four new research institutes in Shenzhen, Shanghai, Japan and Dubai. Substantial progress has been made in geothermal, wind power generation, carbon dioxide capture, storage and enhanced oil recovery (CCS-EOR) and other technologies. Comprehensive energy consumption and carbon dioxide emission control of ethane to ethylene projects with green processes have reached the world's advanced level. This has laid a solid foundation for building a green Silk Road.

Promote the optimization and upgrading of energy trade

Upgrade cooperation across the industrial chain

Strengthening international energy trade cooperation in an all-round way and promoting all-dimensional and multi-level international energy trade cooperation through development, integration and sharing of interests is an important way to maintain energy globalization. In order to accelerate the development of China's energy trade power, it is necessary to enhance the level of cooperation across the oil and gas industry chain, deepen investment cooperation, and promote the efficient development and utilization of energy resources. Strengthen the interconnection of regional energy facilities, and build a comprehensive energy system integrating oil and gas with new energy; We will innovate the development mechanism of energy service trade and develop digital energy trade.