«Problems of economics and management of oil and gas complex»

The "East Siberia – Pacific Ocean" pipeline system as a key element of strategic cooperation between Russia and China

UDC: 338.24
DOI: -

Authors:

¹ Rosneft, Moscow, Russia

Keywords: "East Siberia – Pacific Ocean" (ESPO) pipeline system, oil pipeline, route, crude oil, the East Siberia, Russia’s Far East, cooperation, Russia, China

Annotation:

The author of the article considers the background and chronology of selecting the optimal route and construction of the "East Siberia – Pacific Ocean" pipeline system. It is shown that the choice of the oil pipeline route out of a variety of alternative ones supported by the authorities and companies of Russia, China and Japan resulted in the option that best met the strategic goals of the domestic energy sector and economy development. The author of the present article describes the main national economic effects associated with the implementation of this megaproject as well as highlights the role of the "East Siberia – Pacific Ocean" pipeline system in strengthening the long-term mutually beneficial partnership between Russia and China in the oil sector and explores the prospects for further cooperation.

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