Russian Oil Company Executive: China's Energy Investment Will Reach About 900 Billion USD by 2025
RIA Novosti, Moscow, November 25 - Igor Sechin, Executive Secretary of the Russian President's Commission for Strategic Development of the Energy and Fuel Complex and Chairman of Rosneft, stated that China is an energy power shaping the new global energy landscape. By 2025, China's investment in the energy sector will reach about 900 billion USD, which will be 30% higher than the total investment in North America and 1.5 times that of Europe.
He said during his speech at the Russia-China Energy Business Forum: "Now, China has become an energy power shaping the new global energy landscape. It is moving towards the construction of a new energy system at an astonishing pace, which integrates traditional and alternative energy sources."
He pointed out that China accounts for one-third of the total global investment in the energy sector. He added: "It is expected that China's investment this year will reach about 900 billion USD, which will be 30% higher than the total investment in North America and more than 1.5 times that of Europe."
Original: www.toutiao.com/article/1849798012850183/
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