PR99167

BEIJING, Dec. 12, 2022 /PRNewswire=KYODO JBN/ --

The Arab countries located at the junction of Asia, Africa and Europe are

universally renowned for their unique geographic location and abundant energy

reserves.

Energy cooperation, one of the main components of the China-Arab partnership,

has steadily developed in recent years, with a deepening relationship born of

numerous win-win achievements.

Seventy percent of China's oil supplies are imported. In 2021, China imported

265 million tonnes of crude oil from Arab countries, accounting for 51.6

percent of the national total.

To date, more than 200 large-scale cooperation projects in energy and

infrastructure have been implemented, benefiting nearly 2 billion people.

China-Arab new-energy cooperation

The Middle East has the highest sunlight exposure rate in the world, with Saudi

Arabia being the world's largest wind photovoltaic base.

The countries in the region are pursuing energy diversification through

large-scale new energy projects. Last March, Saudi Arabia reaffirmed its

five-year commitment to convert half of its total energy to renewable sources

by 2030.

This could lay a solid foundation for China-Middle East cooperation, as Chinese

companies dominate key solar panel manufacturing stages.

China is Saudi Arabia's largest trading partner, and the latter is China's most

important energy supplier and largest trading partner in the West Asia and

Africa region.

According to the Chinese Foreign Ministry, trade between the two reached $87.31

billion in 2021, up 30.1 percent year on year.

China-Qatar 27-year LNG deal

In the energy field, Qatar is the world's top Liquefied Natural Gas (LNG)

exporter.

While all eyes were on the opening ceremony of World Cup Qatar 2022 on November

21, Chinese energy giant Sinopec and QatarEnergy were signing a 27-year LNG

deal through which QatarEnergy will provide 4 million tonnes of LNG to Sinopec

annually.

The deal is the first long-term sales and purchase agreement under Qatar's

North Field East Project, which is expected to enter production in 2026.

Sinopec Chairman Ma Yongsheng said that the deal will help China to meet its

natural gas demand and optimize the country's energy structure. The Qatari side

is also satisfied with the long-term deal.

Made-in-China shines at 'Green World Cup'

Qatar is a country where "water is more expensive than oil."

With support from China, the country built 15 super-large water storage tanks

across the country to ensure water safety during the World Cup.

Built by a Chinese company, Qatar's 800-megawatt Al Kharsaah solar power plant

is one of the largest in the Middle East, increasing the share of renewable

energy in Qatar's energy mix and contributing to a "green World Cup."

Link:

https://news.cgtn.com/news/2022-12-09/Deepening-China-Arab-energy-cooperation-born-of-win-win-scenarios-1fCTLWmLTSE/index.html

Source CGTN

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=435843