Russia-Ukraine Conflict reshaped the world’s geopolitical pattern,impacted the international energy market,and accelerated the global energy transformation. 40% of Europe’s natural gas and 30% of oil rely on Russia. The superposition of Russia-Ukraine conflict on energy transformation has caused huge oil and gas supply gaps,short-term high and wide fluctuations in oil prices,imbalances in natural gas supply and demand,and high global LNG prices will last longer. Energy transformation reshapes the world,and the world political pattern and energy transformation are mutually shaping. It is unrealistic for China to significantly increase Russia’s oil and gas imports after the war,which is mainly restricted by its own consumption capacity,infrastructure and compliance with international trade rules and commercial credibility.
<<