He emphasized that thanks to its balanced approach to ensuring energy security, China turned out to be the most prepared for the Hormuz crisis and the rise in fuel prices.

　　Sechin pointed out that China has created cheap urban and intercity transport infrastructure for domestic consumers. After the blockade of the Strait of Hormuz, this foresight allowed motor fuel consumers to painlessly use available alternatives, such as electric cars, electric buses, gas trucks, the subway, electric trains and electric taxis.

　　According to a report by Sechin, this resilience stems from China's view of energy development as a unified, long-term task inherently linked to economic security. Over a 10-year period, solar and wind energy generation in China has grown tenfold to 2,300 terawatt-hours, accounting for 22 percent of the country's energy balance.

　　At the same time, the country continues to construct thermal power plants to ensure supply stability, the report noted. Last year alone, 78 gigawatts of coal generation were put into operation. China is also implementing the largest program for the development of nuclear generation, with 39 reactors currently being built, representing more than half of all nuclear power plants under construction in the world.

　　To ensure the flexibility of this massive energy system, energy storage plays an important role, a sector where China also leads globally, Sechin highlighted. In parallel, China leads in investments in power grids, investing about $100 billion in this sector.

　　This diversified and systemic layout has yielded tangible competitive advantages, particularly in electricity prices, he observed. Power costs in China stand at about 9 cents per kilowatt-hour for industry — 72 percent lower than in Germany and 59 percent lower than in France — and about 7 cents per kilowatt-hour for the population, which is 58 percent lower than in the US.