The First BRICS Energy Cooperation Forum was held in Beijing on June 21st and hosted by China National Petroleum Corporation and the Chinese Academy of Engineering. The forum aimed to deepen energy cooperation among BRICS countries for green transition and development. Representatives from BRICS countries discussed strengthening cooperation across areas like policy, infrastructure, technology and information sharing. An initiative was released advocating cooperation to maintain energy market stability, alleviate energy poverty, and promote sustainable development goals. The forum highlighted BRICS countries' important role in global energy governance and marked a new milestone for their energy cooperation.

1. The First BRICS Energy Cooperation Forum was Held in
Beijing
time：2022-06-23 14:32
With the theme of “Deepening BRICS Energy Cooperation for Green
Transition and Development”, China National Petroleum Corporation
(CNPC) and the Division of Energy and Mining Engineering of Chinese
Academy of Engineering (CAE) hosted the First BRICS Energy Cooperation
Forum during which an initiative was released.On the eve of the opening of
2022 BRICS Business Forum, the First BRICS Energy Cooperation Forum,
co-hosted by CNPC, a member of the BRICS Business Council China

2. Chapter, and the Division of Energy and Mining Engineering of CAE, was
held in Beijing on June 21st.
Aiming at serving BRICS and embracing the world through business
cooperation, and themed with “Deepening BRICS Energy Cooperation for
Green Transition and Development”, the Forum was divided into three parts:
Opening Session, Release of Initiative, and Dialogue Sessions.
Dai Houliang, member of BRICS Business Council China Chapter &
Chairman of CNPC, Chen Siqing, Chair of BRICS Business Council China
Chapter & Chairman of Industrial and Commercial Bank of China and Zhou
Shouwei, Director of Division of Energy and Mining Engineering of CAE,
delivered welcome remarks at the opening session. A total of 71 guests
attended the forum, including representatives from the Ministry of Foreign
Affairs, CAE, working groups of BRICS Business Council, energy
companies of BRICS countries, diplomatic envoys to China, and international
organizations and universities.

3. Dai Houliang expressed that the BRICS countries, as representatives of
emerging markets and developing countries, have been given much attention
and expectation in participating in global governance and stabilizing global
energy market. BRICS countries, covering both major energy producers and
consumers, play a pivotal role in global energy governance. In recent years,
the scale of bilateral energy trade among BRICS countries has been
expanding and collaboration on energy projects has been deepening, laying a
solid foundation for further cooperation. To build the "Energy BRICS" and
shoulder the responsibility as the Energy and Green Economy Working
Group of BRICS Business Council China Chapter, CNPC will strengthen
cooperation with energy companies of BRICS countries to promote
development and innovation for win-win achievement.

4. First, translating BRICS energy cooperation into tangible benefits with efforts
being made to research on relevant policy systems, infrastructure facilities
and fundamental theories for promoting transformation and application of
technological achievement.
Second, pushing forward co-construction and sharing of BRICS energy
information platform with priorities being given to enhancing the exchange
and sharing of energy policies, information, cases, and cooperation projects
for exploring energy cooperation opportunities.
Third, making efforts to improve opening-up and multilateral collaboration in
the energy sector among BRICS countries to deepen all-around and
multi-layer cooperation, and jointly participating in global energy governance
to form a multi-party cooperation environment for development integration
and benefit-sharing.
Fourth, working to convene BRICS Energy Cooperation Forum annually in a
bid to consolidate the BRICS cooperation mechanism through

5. communication and exchanges, expand the market and strengthen the
momentum for development.
Chen Siqing pointed out that the BRICS Business Council attached great
importance to energy cooperation, and highly recognized and placed great
expectations on the work of the Green Economy Working Group. The
Council would actively respond to the Initiative and provide high-quality
energy financial services, he added.
Zhou Shouwei said that CAE would fully leverage the multidisciplinary,
cross-domain and inter-industry expertise of its academicians, take CNPC as
the bridge to strengthen partnership with the Energy and Green Economy
Working Group of BRICS Business Council, further promote the progress of
energy technology through cooperation and innovation, and contribute
wisdom and strength to energy security as well as economic and social
development of the BRICS countries.

6. Heads of Working Groups of Brazil, Russia, India and South Africa Chapters
of the BRICS Business Council congratulated on the successful convening of
the forum via videos. Citing Brazil’s power grid layout planning as an
example, the head of Brazil Group pointed out the significance of regional
integrated development in the fields of energy and green economy. The head
of Russia Group stressed that partnership was an effective way to solve the
global energy supply crisis. The head of India Group discussed the roadmap
to achieve the goals of energy equality and net-zero emissions. And the head
of the South Africa Group reiterated that it was necessary to make use of the
BRICS countries' energy resources and technological advantages to
contribute to the sustainable development of energy.

7. At the forum, Dou Lirong, head of Energy and Green Economy Working
Group of BRICS Business Council China Chapter & Executive Vice
President of Research Institute of Petroleum Exploration & Development,
CNPC, released the Contributing Energy to BRICS Sustainable Development
in the Post-Pandemic Era Initiative. Published in four languages of Chinese,
English, Russian and Portuguese, the Initiative advocated ten actions from
four aspects, including maintaining energy market stability, energy poverty
alleviation, cooperation across energy industrial chain, and promoting the
achievement of Intended Nationally Determined Contributions. All parties
agreed that energy companies should work shoulder to shoulder to implement
the consensus reached at the BRICS summit, contribute to promoting the
"2030 Sustainable Development Goals" and the Nationally Determined
Contributions agreed in the Paris Agreement, and help BRICS countries
achieve high-quality development in the post-pandemic era. The release of
this Initiative enriched BRICS’ "China Year" results and marked a new
milestone for BRICS cooperation in energy.
At the forum, CNPC Economics & Technology Research Institute was
invited to make a keynote speech entitled "Energy Cooperation among
BRICS: Present and Future", in which the prospects and challenges of BRICS

8. energy cooperation under the current situation were discussed. Suggestions
on strengthening energy cooperation in areas of establishing energy producer
and consumer alliance, trade settlement, technological cooperation,
optimizing industrial chain, building the energy information platform, and
strengthening think tank exchanges were put forward in the speech. 13 guests
including representatives from five-member-state chapters of BRICS
Business Council, academicians of Chinese Academy of Sciences (CAS) and
Chinese Academy of Engineering (CAE), and representatives of energy
companies, international organizations and universities were invited for the
two dialogue sessions around Taking the Pulse of Energy Development for a
Shared Green Future and Blueprint of Cooperation for Win-win
Development respectively. They were full of confidence in the prospects of
energy and green economic cooperation among BRICS countries and put
forward many constructive suggestions for further strengthening of BRICS
energy cooperation.
As the main strategic economic force in their respective regions, the BRICS
countries account for more than one-third of the world's energy production
and consumption which shares are increasing year-on-year. Energy
cooperation is an important part of BRICS economic and trade cooperation.

9. Taking this forum as a new starting point, the Energy and Green Economy
Working Group of BRICS Business Council will work hand in hand with
BRICS partners, focus on the common interest of emerging markets and
developing countries, promote BRICS energy cooperation to achieve fruitful
results, inject new momentum to global energy sustainable development, and
contribute to the BRICS’ "China Year" with tangible results.
The forum was live-streamed in three languages of Chinese, English and
Russian, attracting 1373 experts and scholars at home and abroad to watch
online.
(Source: China National Petroleum Corporation)