The SCO member and observer states include the main oil and gas suppliers such as Russia，Kazakhstan，Uzbekistan and Iran，and the main energy consumers such as China，Inida and Pakistan. Up to now，the energy cooperation in this region has taken bilateral cooperation as its main form，and made outstanding achievements. As the structure of world oil supply and demand shows a pluralistic trend，specially out of consideration of the recent Ucranian crisis and the concussion of the oil price crisis on the oil exporting countries，raising the level of regional energy cooperation—pushing bilateral energy cooperation to multilateral energy cooperation conforms to the member states’ demand for development and the trend in the development of the regional international organization with their own energy security and state interest taken into account. The SCO’s strategic option for cooperative development，all-benefit and all-win lies in establishing an energy club and a unified market，promoting cooperation in the financial field，developing pluralistic and technological cooperation in energy，faciliating the conquest of the disadvantages of the present energy cooperation and creating multilateral energy cooperation mechanism.