Moscow and Beijing stress in the declaration that "energydepartments and companies in the two countries are continuing toactively work to promote pipeline projects to supply crude oil andnatural gas from Russia to China."

Russia and China in the declaration also support investmentparticipation by companies in both countries in developing oil and gasresources and developing the fuel and energy potential of Russia andChina, and also other forms of mutually beneficial cooperation,including oil and gas refining, oil and gas chemicals, and thedevelopment of machine building for the fuel and energy complex.In the declaration the sides also note "the development of cooperation between interested companies in both countries to graduallyimplement bilateral energy projects."

Moscow and Beijing note that "this will create conditions for thesigning of interdepartmental and intergovernmental energy agreements ona long-term and mutually beneficial basis."

The sides said that this cooperation will help the economies ofboth countries grow and will strengthen energy security in the Asia-Pacific region and in the world in general.

The declaration also notes work carried out by electricitycompanies in Russia and China to promote cooperation for major exportsof electricity from Russia to China.