China and Russia are two countries of important consequences in the world, which are also amicable neighboring countries. In recent years, not only good neighboring amity between the two countries has been developed and consolidated in politics, but also an historic significant step has been reached in aspect of economic cooperation. At the time of world economy tending towards regional collectivization and integrated globalization and blending of economy and politics, the initiation of oil and gas cooperation project of the two nations is possessed of profound significance to impulse and consolidate and promote further the Sino-Russia strategic cooperation fellowship. China and Russia are two countries of important consequences in the world, which are also amicablewarded countries countries. In recent years, not only good nearby amity between the two countries has been developed and consolidated in politics, but also an historic significant step has been reached in the aspect of economic cooperation. At the time of world economy tending towards regional collectivization and integrated globalization and blending of economy and politics, the initiation of oil and gas cooperation project of the two nations is possessed of profound significance to impulse and consolidate and promote further the Sino-Russia strategic cooperation fellowship.