China says is no threat to world energy security

Reuters: China said it is not a threat to world energy security and energy issues should not be politicized, urging that conflicts in producing nations be resolved through dialogue and not military force. China, the world's second-largest oil consumer, also is too reliant on international crude markets for last minute oil supplies and needs to arrange more long-term deals, Beijing said in a policy paper released on Wednesday.

"China did not, does not and will not pose any threat to the world's energy security," according to the paper, titled China's Energy Conditions and Policies. "China will, step by step, change the current situation of relying too heavily on spot trading of crude oil, encourage the signing of long-term supply contracts with foreign companies and promote the diversification of trading channels," the paper added.

It also repeated Beijing's commitment to liberalizing energy prices, said the country needed stronger laws to ensure a stable energy sector and warned of the need to combat rising pollution such as greenhouse gas emissions.