Dai Houliang attends Boao Forum for Asia Annual Conference 2021


The Boao Forum for Asia Annual Conference 2021 was held in Boao, Hainan, from April 18 to 21. Dai Houliang, Chairman of CNPC, attended the conference and was invited to speak at the session of “Belt and Road Initiative: Thriving Against the Current”. Dai Houliang shared his insights on topics such as energy transition and green development showcasing CNPC’s practice in international oil and gas cooperation along the “Belt and Road”.

Dai Houliang stressed the importance of policy coordination as the key to the development of the “Belt and Road”. As President Xi Jinping noted, the Belt and Road Initiative (BRI) is a public road open to all, not a private path owned by one single party; Belt and Road cooperation pursues development, aims at mutual benefits, and conveys a message of hope. To act on the overall requirements for high-quality BRI cooperation and uphold the principle of extensive consultation, joint contribution and shared benefits, CNPC actively promoted relevant work on policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds, and kept enhancing mutually beneficial cooperation along the “Belt and Road” to jointly build a sound “Silk Road”.

With regard to what implications has BRI cooperation brought to the world in cracking the global trust deficit, development deficit, and governance deficit, Dai Houliang called for concrete actions in line with the principle of win-win cooperation. CNPC’s engagement in oil and gas trade and petroleum technical services under BRI has not only promoted the development of local oil and gas business, but also boosted related industries and local employment.

On how oil companies achieve green and low-carbon development, Dai Houliang put that green development represents the trend of the times, and addressing climate change is a common challenge faced by mankind. Natural gas is undoubtedly crucial to green and low-carbon development and energy transition. As an energy company, CNPC will continue to strengthen mutually beneficial cooperation with international peers especially on natural gas.

As for how business better engage in the BRI and play a part in safeguarding people’s livelihood, Dai Houliang expressed CNPC’s pledge to earmark large amount of funds to support public welfare and promote local economic and social development while further deepening cooperation with resource countries and partners in major oil and gas projects, based on the principle of mutual-benefit and win-win, safety and effectiveness, integrity and compliance, as well as green and low-carbon to seek high-quality development.