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World energy security vital for economy

By Le Tian (China Daily)
Updated: 2006-07-18 08:27

"We should maintain a sound political climate favourable to ensuring energy security in international energy shipping routes and prevent geopolitical conflicts from disrupting energy supply," he said.

"Energy issues should not be politicized, still less should countries wilfully resort to force in tackling energy issues."

Speaking of China's energy policy, Hu said more than 90 per cent of the country's energy needs have been met with domestic supply since the 1990s.

"We will strengthen win-win co-operation with other energy producers and consumers on the basis of equality and mutual benefit," he said.

On Sunday, G8 leaders adopted a document on global energy security, hoping to reach some consensus at their annual summit on how to control and manage insufficient energy resources amid recent soaring oil and gas prices.

Despite differences between Russia, the only energy supplier of the G8, and other parties, they pledged in a statement to increase transparency, predictability and stability of global energy markets, improve the investment climate in the energy sector, enhance energy efficiency and energy saving, diversify energy mix, reduce energy poverty and address climate change and sustainable development.

At yesterday's meeting, Hu also called for multilateral co-operation mechanisms for preventing and controlling communicable diseases such as SARS and avian flu and the rampant spread of HIV/AIDS, tuberculosis and malaria.