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Energy Stakeholders in China recognise the value of the International Energy Charter

During his second day visit to Beijing on 27 June 2017, Energy Charter Secretary General Dr Urban Rusnák held bilateral meetings with representatives of the China National Petroleum Corporation (CNPC), the Global Energy Interconnection Development and Cooperation Organisation (GEIDCO) and the National Energy Administration (NEA).

CNPC is a global energy player with oil and gas business in over 30 countries and in 2015 it joined the Energy Charter Industrial Advisory Panel. The Secretary General met with Mr Li Yueqiang, Director-General of CNPC International Department, to discuss such topics as the development of global energy cooperation and the interest of CNPC in sharing best practices on multilateral coordination in cross border oil and gas pipelines as well as International Energy Charter’s dispute settlement mechanisms to resolve conflict between states and investors.

Later, Dr Rusnák met with GEIDCO Secretary-General Mr Wang Yimin. GEIDCO is a non-governmental, non-profit international organisation created in 2016 to promote the establishment of a global electricity interconnection system to meet global demand in a clean and sustainable way. During the meeting it was emphasised the complementary approaches of both institutions to larger challenges such as cross border interconnectivity. While GEIDCO focuses on economics and technology of electricity interconnections, the legal and regulatory issues are framed by the International Energy Charter and regular communication on this cooperation will be facilitated by GEIDCO office in Brussels and the Energy Charter Secretariat.

The National Energy Administration (NEA) formulates industrial policies and drafts laws and regulations concerning the energy sector in China. The Deputy Director General of the International Cooperation Department Mr He Yang, expressed NEA support and endorsement to the Energy Charter Secretariat’s current and future activities in China. The longstanding secondment program between NEA and the Secretariat has contributed to building capacity and a better understanding of the Energy Charter Treaty core business.

On the other hand, recent developments help explain China’s increasing interest in the International Energy Charter. China is ready to further open up and create a globally competitive business environment, fostering a level playing field for both domestic and foreign businesses, as stated by Premier Li Keqiang this week at the opening ceremony of the Summer Davos in Dalian. Also, the Belt and Road Initiative launched by President Xi Jinping in 2013 needs to rely on common frameworks covering China’s neighbours. Furthermore, the 2015 Paris Agreement on climate change, to which China is firmly committed, raises the question of stable conditions to mobilise huge sustainable investment. Finally, the importance of a global energy architecture was present during China G20 Chairmanship in 2016.

The Energy Charter delegation to China was headed by Secretary General Dr Urban Rusnák and integrated by the  National Energy Administration (China) seconded expert Mr Xiang Li and the Secretariat Expansion Coordinator Dr Ernesto Bonafé

Wang Yimin SG of Global Energy Interconnection Development and Coop. Org & SG

SG & Li Yueqiang-Director Gen. National Petroleum Corporation-International Dep