Press

Alexey Miller: Basis Laid for Another Pipeline Route of Russian Gas Supplies to China


A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing today.

Highlighting the successes of their partnership in the gas sector, the parties noted the progress made in the implementation of the project for Russian gas exports to China via the eastern route. Negotiations continue over the planned supplies from Russia's Far East. In addition, the companies carry on with their active collaboration in such areas as underground gas storage, gas-fired power generation, and the use of gas as a vehicle fuel.

Alexey Miller: basis laid for another pipeline route of Russian gas supplies to China

Welding first joint of Power of Siberia gas pipeline, September 1, 2014

After the meeting, Alexey Miller and Wang Yilin signed the Heads of Agreement for natural gas to be supplied from Russia's Far East to China. The document outlines the basic parameters of future supplies, namely the volumes, the term of the contract, the starting date of supplies, the surge period, and the cross-border point. The corresponding contract is expected to be inked in 2018.

The parties also signed the Coordination Agreement – the addendum to the Sales and Purchase Agreement for gas to be supplied via the eastern route. The new Agreement sets out, inter alia, the modalities of interaction and the gas metering procedure in the course of conveying gas.

“Today, we laid the basis for another pipeline route of Russian gas supplies to China. The project will expand the range of options for satisfying the growing demand for gas in the Chinese market,” said Alexey Miller.

Alexey Miller: basis laid for another pipeline route of Russian gas supplies to China

Developing gas resources and shaping gas transmission system in Eastern Russia

Background

Gazprom's main partner in China is CNPC, a state-owned oil and gas company.

On May 21, 2014, Gazprom and CNPC signed the Sales and Purchase Agreement for Russian gas to be supplied via the eastern route (Power of Siberia gas pipeline). The 30-year Agreement provides for gas deliveries to China in the amount of 38 billion cubic meters per year.

In 2015, Gazprom and CNPC inked the Memorandum of Understanding for the project of pipeline gas supplies to China from Russia's Far East.

In 2016, Gazprom and CNPC signed the Memorandum of Understanding on underground gas storage and gas-fired power generation in China and the Memorandum to explore the opportunities for cooperation in the NGV sector.

On July 4, 2017, Gazprom and CNPC signed the Supplementary Agreement to the Sales and Purchase Agreement for gas to be supplied via the eastern route inked in 2014. According to the document, gas supplies will commence on December 20, 2019.


Visit source site

gazprom.com/press/news/2017/december/article388463...

RussiaChinaGazpromCNPCChina National Petroleum Corporation CNPC

More items from oilvoice


EIA Expects Total U.S. Fossil Fuel Production to Reach Record Levels in 2018 and 2019

Source: U.S. Energy Information Administration, Monthly Energy Review and Short-Term Energy Outlook In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units ( ...

OilVoice Press - OilVoice


Posted 8 hours agoOpinion > EIAEnergy Information Administration EIAFossil Fuels +6

Mammoet Awarded Contract for Africa’s Biggest Oil Refinery

Mammoet contracted to provide heavy lifting and transport solutions for new Dangote Oil Refinery During a signing ceremony in Lagos on Tuesday , January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project. The new multi - billion - dollar refin ...

OilVoice Press - OilVoice


Posted 10 hours agoPress > AfricaOil RefineryDangote +3

Wentworth Resources: Tanzania Reserves Update

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce the results of its annual independent evaluation of the gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada Lt ...

OilVoice Press - OilVoice


Posted 10 hours agoPress > Wentworth ResourcesClose of businessTanzania +4

S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 189-Bcf Draw to Natural Gas Stocks

WASHINGTON (January 17, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 189-billion cubic feet (Bcf) withdrawal for the week that ended January 12, according to a survey of analysts by S&P Global Platts, the leading independent provider of information an ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > S&P Global PlattsUSUnited States +4

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 425,000 Barrels

NEW YORK (January 16, 2018) – Tightening US crude stocks recently turned NYMEX crude's nearby term structure to backwardation, which could attract even more speculative length into the market and help sustain higher prices, according to a Tuesday S&P Global Platts preview of this week's pending U.S ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > S&P Global PlattsUSUnited States +4
All posts from oilvoice