China News Agency, Beijing, July 8 (Reporter Pang Wuji) Cui Shoujun, a professor at the School of International Relations and Deputy Dean of the School of International Organizations at Renmin University of China, said on the "Energy China" of the China News Service Forum on the 8th that the conflict between Russia and Ukraine is seriously Shaping the global energy geopolitical map.

It mainly involves three aspects:

　　First, the new round of sanctions against Russia by the United States and the European Union has intensified the confrontation between Russia and Europe, which has brought huge risks to the security of energy supply in the European region.

　　Many European countries are facing the worst inflation in decades, of which energy is the main force driving up inflation.

For example, Cui Shoujun said that since the second half of last year, the price of natural gas in the UK has soared several times, and the energy expenditure of ordinary people accounts for about 20% of the total household expenditure.

　　Second, the United States, as the newly emerging world's largest exporter of liquefied natural gas (LNG), is actively seeking to make up for Russia's lost market share.

For the first time in June, U.S. liquefied natural gas (LNG) supplies to the European Union surpassed Russian gas pipelines to the European Union, according to data released by the International Energy Agency.

　　Cui Shoujun pointed out that the United States hopes to use the contradiction between Russia and Europe to seize the European natural gas market economically, but it is difficult to solve the near-term worries.

　　On the one hand, it is difficult for the US supply to increase significantly.

U.S. oil and gas companies have not increased production significantly since February.

The seven domestic LNG ports in the United States have all reached their production limits, and the capital and time costs of building new LNG ports are extremely high.

Affected by rising global energy prices, domestic energy prices in the United States have also skyrocketed recently.

　　Second, the construction of LNG terminals in Europe is relatively backward.

The European LNG receiving terminal is mainly in Spain, from Spain to Germany, there is a lack of sufficient pipelines, and it takes a lot of time and investment to rebuild the pipeline.

Many countries in Europe will face difficulties this autumn when temperatures start to drop and the heating season arrives.

　　Third, the China-Russia-Mongolia natural gas pipeline between China and Russia announced the start of construction.

Sino-Russian energy cooperation will further close the strategic coordination and policy interaction between China and Russia to hedge against the strategic squeeze from the United States.

　　In general, Cui Shoujun believes that in the short term, geopolitical conflicts between Russia and Ukraine will push up oil prices, but sudden geopolitical conflicts can only bring about short-term supply and demand imbalances, and the long-term trend of new energy replacing fossil energy remains unchanged.

The Russian-Ukrainian conflict has instead accelerated the global energy transition process. Currently, countries such as Germany and France are accelerating the transition to renewable energy.

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