International energy trade in one nation plays a significant role in the national economy and interacts with the macroeconomic condition. Energy is sensitive to overall economy，especially economic orfinancialfl uctuation，suchas financialcrisis. Chinais anenergy-intensivenationandhashugedemands to the crude oil，coal，and natural gas in economic development. Meanwhile，China is now more than ever reliant on foreign energy. In current economic situation，how to search opportunities for facilitating inter national energy trade in China and promoting further development in the whole energy industry are keys to national economy development.This paperaims at comparing background and situation of international energy trade in China under the two financial crises(1997～1998 Asian financial crisis and the current subprime mortgage crisis)，trying to promoting both challenges and opportunities Chinais nowfacingin international energy trade.