China and Russia Energy Strategy Development: Arctic LNG

Alina Steblyanskaya, Xu Qingchao, Svetlana Razmanova, Nikolay Steblyanskiy and Artem Denisov
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Alina Steblyanskaya: School of Economics and Management, Harbin Engineering University, Harbin, China
Xu Qingchao: University of Chinese Academy of Sciences, National Institute of Innovation and Development Strategy, Chinese Academy of Sciences, Beijing, China,
Svetlana Razmanova: Faculty of Economics and Management, Ukhta State Technical University, Ukhta, Russia,
Nikolay Steblyanskiy: Institute of Economics and Finance, Russian University of Transport (MIIT), Russia,
Artem Denisov: Computer Science Department, Kostroma State University, Kostroma, Russia.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 4, 450-460

Abstract: Nowadays, the LNG market is a derivative of the traditional gas market and has certain advantages over pipeline gas supplies. Many countries, including the Russian Federation, are trying to consolidate their positions in the relatively new and growing LNG market. In the paper, Sino-Russia Energy strategy perspectives until 2030 are being analyzed in detail. The authors analyze the Arctic LNG case as the most crucial for both countries collaboration. The Arctic is considered as the new strategic frontier of China. China is a critical Arctic stakeholder as it is written in the newly released white paper China s Arctic Policy. The authors use Python 3.4. modeling for testing the influence of economic, social and environmental factors on Sino-Russia energy collaboration. The methodology consists of foresight analysis, including principal component isolation (further- PCA) method and SARIMA analysis. Research results show that the values of the components in Russia and China industries are drastically different. However, some components would be significantly developed due to Russia s existing trends by 2030. Indeed, it can be concluded that the dissimilarity between Russia and China oil and gas industries would increase by 2030, as indicated by the first, second and fourth components. China s oil and gas industry has a stable trend for development.

Keywords: Sino-Russia Energy Cooperation; Energy Strategy 2030; Innovation Strategy; Arctic LNG; Principal Component Isolation analysis (search for similar items in EconPapers)
JEL-codes: F42 F43 F47 L51 (search for similar items in EconPapers)
Date: 2021
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