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| Energy Cooperation between BRICS Countries (Ⅱ) |
| Alina Steblyanskaya1, Wang Zhen1, Iskritskaya Nataliya2, Svetlana Razmanova3 |
1. China University of Petroleum;
2. All-Russia Petroleum Research Exploration Institute(VNIGRI);
3. Gazprom VNⅡGAZ branch, Komi Republic, Uhta |
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Abstract The economic rise of the BRICS countries (Brazil, Russia, India, China and South Africa) is closely tied to global energy politics and their increased consumption of global energy. Energy cooperation is one of the main forces behind the development of BRICS. Looking forward, energy concerns will undoubtedly remain an important influencing force for the BRICS, shaping their domestic politics and international relations. The pursuit of oil and gas (China, India, and South Africa) to support economic development and the search for stable petroleum markets (Brazil and Russia) have shaped BRICS relations with other countries and regions. This article is trying to elaborate on the reasons why BRICS Energy cooperation is beneficial for its members; also, this article regards the main challenges hindering cooperation, analyzes BRICS energy cooperation through the use of SWOT analysis and muses potential strategic points for BRICS countries up until 2050.
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Published: 27 April 2018
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2018, Vol. 25 
