Gulf Oil and Gas accountACCOUNT

Gazprom & CNPC Ramping Up Joint Efforts to Sign Contract for Russian Gas Supply to China

Source: www.gulfoilandgas.com 3/13/2013, Location: Asia

Led by Alexey Miller, Chairman of the Company's Management Committee, a Gazprom delegation paid a visit to the People's Republic of China.

Beijing hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Jiang Jiemin, Chairman of the Board of Directors of China National Petroleum Corporation. Taking part in the meeting were Zhou Jiping, CNPC President, Wang Dongjin, CNPC Vice President, Vitaly Markelov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee.

The parties addressed a wide spectrum of issues surrounding the companies' cooperation in the gas sector. Special focus was laid on key commercial and technical parameters of pipeline gas supplies to the PRC market, particularly, from the Power of Siberia gas pipeline. It was noted that joint efforts had been ramped up to sign a contract for Russian gas supply to China in 2013.

In addition, the meeting participants exchanged views regarding deeper cooperation between the companies, underground gas storage in China and LNG supplies in the framework of the Vladivostok-LNG project.

CNPC is the largest state-owned petroleum company in China (Government holds a 100 per cent stake) and is one of the world's leading integrated oil and gas production companies.

Gazprom and CNPC signed the Agreement of Strategic Cooperation on October 14, 2004. Among other things, the Agreement covers examination of the issues relative to the arrangement of natural gas delivery from Russia to China by Gazprom. The opportunities are also being explored for joint gas processing and gas chemical projects in eastern Russia and in third countries. The Joint Coordinating Committee was set up to supervise the Agreement implementation. The Committee resolved to set up the Joint Working Group to ensure day-to-day execution of the Agreement in parallel with working groups for major joint businesses.

In October 2009 Gazprom and CNPC inked the Framework Agreement on major terms and conditions for natural gas supply from Russia to China. In December 2009 the Heads of Agreement on Gas Supply from Russia to China were signed.

Currently, Gazprom and CNPC are negotiating the commercial parameters of Russian gas supply projects envisaging the annual export of about 68 billion cubic meters of gas to the People's Republic of China.

For more information about related Opportunities and Key Players visit Caspian Region Projects

Natural Gas News in Russia >>

Australia >>  4/17/2019 - Senex Energy Ltd had agreed a domestic gas sales agreement for up to 3.25 petajoules (PJ) of natural gas with south-east Queensland manufacturer CSR L...
Russia >>  4/10/2019 - A working meeting between Alexey Miller, Chairman of the GazpromManagement Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took p...

United States >>  4/10/2019 - U.S. Secretary of Energy Rick Perry issued the following statement after the signing of President Trumpís Executive Orders promoting energy infrastruc...
Russia >>  4/9/2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sylvie Bermann, Ambassador Extraordinary and Plenipotentiar...

Russia >>  4/9/2019 - The Program for standardization of developing technologies and equipment in oil refining, petrochemistry, and natural gas processing and liquefaction ...
Egypt >>  4/5/2019 - Minister of Petroleum and Mineral Resources Tareq el Molla has discussed in a meeting with Jordanian Minister of Energy and Mineral Resources Hala Zwa...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.