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Gazprom, CNPC, and KazMunayGas Sign Memorandum of Understanding

Source: www.gulfoilandgas.com 10/5/2017, Location: Asia

Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Huang Weihe, Vice President of PetroChina (under a power of attorney on behalf of CNPC), and Daniyar Berlibayev, Executive Vice President for Transportation, Processing and Marketing of KazMunayGas, today signed a Memorandum of Understanding at the 7th St. Petersburg International Gas Forum.

The document reflects the interest of the parties in long-term strategic cooperation in the NGV market, including via developing the natural gas filling infrastructure at the Europe – China international transport corridor.

The Memorandum provides for, inter alia, an assessment of the potential number of gas-powered cargo vehicles and the amount of natural gas that could be used for refueling vehicles at the Russian, Kazakh and Chinese sections of the route in the period up to 2030.

The results of the assessment will serve as the basis for the drawing up of the tripartite Roadmap for the development of the natural gas filling network along the Europe – China international transport route.

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