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70 China Int'l Stud. 103 (2018)
Belt and Road Initiative and Transformation of International Energy Order

handle is hein.journals/chintersd70 and id is 103 raw text is: Belt and Road Initiative and Transformation of International Energy Order Yang Chenxi S timulated by the ease in global energy supply and demand in recent years, new trends in the transformation of international energy order have gradually emerged. The shift in major players has made the international energy pattern more balanced and elevated the status of consumer countries in the international energy market. The interactive relationship among various actors in the market tends to be equal and fair; a common, integrated, cooperative, and sustainable international energy security concept and green and low-carbon energy economic values have begun to replace traditional concepts based on zero-sum games and cost efficiency. Energy cooperation under the Belt and Road Initiative (BRI) is in line with this trend and provides opportunities for countries and energy companies along the routes to expand oil and gas development and transportation capacity, enhance technologies, and broaden the scope of new energy applications. This will help further improve global energy supply and demand. Furthermore, energy cooperation under the Belt and Road will also promote the interaction between producer and consumer countries, by both boosting production capacity and constructing a cooperative mechanism among consumer countries. The principle of upholding justice while pursuing shared interests and new thinking on common, comprehensive, cooperative, and sustainable security advocated by the BRI energy cooperation will also provide new security and economic values to the Yang Chenxi is Assistant Research Fellow at the Department for International Strategic Studies, China Institute of International Studies (CIIS). Belt and Road Initiative and Transfonnation of International Energy Order MaylJune 2018 103

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