Russia-China Natural Gas Trade Research

Authors : Kruglikov Egor

Volume/Issue : Volume 5 - 2020, Issue 3 - March

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In recent years, China's economy is developing rapidly, and its dependence on natural gas energy is also increasing. Russia has vast natural gas resources, is one of the world's leading exporter of natural gas. In the 21st century, China and Russia has closely cooperation in the political, economic, energy and military, energy trading has become an important part of trade between the two countries. In 2014, both countries signed the Russia-China cooperation in the east gas project memorandum, this is undoubtedly laid a solid foundation for developing natural gas trade between the two countries. The Russia - China trade for the study of natural gas, aimed at identifying the many factors affecting the size of the gas trade between China and Russia and its impact, with a view to proposing for healthy development of Russia-China natural gas trade targeted policy recommendations. Firstly, this article analyzes the current situation of natural gas and trade cooperation between China and Russia in economic and non-economic and found major problems in the development of bilateral trade. And by building a natural gas gravity model of trade between China and Russia, with 2006-2018 years of natural gas and trade cooperation between China and Russia data, empirical study on the influencing factors to determine whether and to what extent the effects of the Influence Factors of Russia-China natural gas trade. The Empirical results show that China's economy is the most significant impact on the natural gas trade between China and Russia. China's economy, population size, regional economic cooperation on natural gas trade between China and Russia have positive effects, but geographical distance between the two countries, exchange rates have the negative effects. Therefore, China and Russia should strengthen regional economic cooperation, promote sustainable healthy growth of trade between China and Russia for natural gas.

Keywords : China-Russian Cooperation; Natural Gas Trade; Gravity Model of Trade; Trade Influence Factors.


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