MOSCOW, July 23 Russian companies are ready to participate in issues of ensuring energy security and energy consumption in China, said the executive secretary of the Commission under the President of the Russian Federation on the development strategy of the fuel and energy complex and environmental security and the head of Rosneft Igor Sechin.
“Russian companies are ready to contribute to the issue of ensuring China’s energy security and energy consumption,” he said during his speech at the VI Russian-Chinese Energy Business Forum. 
< br />Sechin also noted that China's ongoing economic rise means a growing need for reliable and secure energy supplies. In particular, according to estimates by the International Economic Agency (IEA), liquid hydrocarbon consumption in China will increase by 9% by 2030.
«In the context of the events currently taking place in the Middle East, it is important to note the security of supplies of Russian oil and other energy resources to China. A significant portion of Russian oil comes via the ESPO (Eastern Siberia — Pacific Ocean) oil pipeline, which in the current situation is a more reliable transportation channel compared to tanker shipments through the Strait of Hormuz or the Suez Canal, due to the growing geopolitical instability of these regions,» the commission secretary adds.