Press

Gazprom and CNPC Hold 14th Meeting of Joint Coordinating Committee


The 14th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Hou Qijun, Vice President of CNPC, took place today in Guangzhou, People's Republic of China.

The meeting participants discussed the results of the programs implemented by the JCC working groups, as well as the prospects of cooperation between the companies in key focus areas.

Specifically, the parties reviewed issues related to gas-fired power generation, use of gas as a vehicle fuel, underground gas storage in China, standardization, staff training, and sci-tech and cultural cooperation.

Particular attention at the meeting was paid to future supplies of natural gas from Russia to China. It was noted that the bulk of work on the Power of Siberia gas pipeline's linear part stretching from the Chayandinskoye field to the Russian-Chinese border would be completed before the end of 2018.

Developing gas resources and shaping gas transmission system in eastern Russia

Developing gas resources and shaping gas transmission system in eastern Russia

At the end of the meeting, the JCC working groups' action plans for 2019 were approved.

Background

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

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

In 2015, Gazprom and CNPC inked the Heads of Agreement for pipeline deliveries of natural gas from Western Siberian fields to China via the western route (Power of Siberia 2 gas pipeline).

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.

In July 2017, Gazprom and CNPC inked 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.

In December 2017, Gazprom and CNPC signed the Heads of Agreement for natural gas to be supplied from Russia's Far East to China.


Visit source site

gazprom.com/press/news/2018/november/article467922...

RussiaChinaSiberiaGazpromChina National Petroleum Corporation CNPCCNPC

More items from oilvoice


Gazprom and LUKOIL Preparing to Set Up Joint Venture to Develop Vaneyvisskoye and Layavozhskoye Fields

Alexey Miller , Chairman of the Gazprom Management Committee, had a working meeting with Vagit Alekperov, President of LUKOIL. The parties discussed current issues related to bilateral cooperation, including the development project for the Vaneyvisskoye and Layavozhskoye fields in the Nenets Auto ...

OilVoice Press - OilVoice


Posted 1 day agoPress > GazpromLUKOILjoint venture

For One Week in November, the U.S. Was a Net Exporter of Crude Oil and Petroleum Products

Source: U.S. Energy Information Administration, Weekly Petroleum Status Report During the week ending November 30, 2018, the United States exported more crude oil and petroleum products than it imported for the first time in weekly data going back to 1991. From November 24–30, the United S ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > USAUnited StatesExporter +4

Australia: in Line With its Discipline on Capital Allocation, Total Reduces its Stake in Ichthys LNG by 4%

Total has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD. The transaction, which is subject to Australian regulatory approvals, reduces Total's interest in the ass ...

OilVoice Press - OilVoice


Posted 2 days agoPress > TotalDivestmentAustralia +4

NPD: Dry Well and Minor Oil Discovery Southwest of the Vega Field in the North Sea – 35/10-4 S and 35/10-4 A

Equinor Energy AS, operator of production licence 630, has completed the drilling of wildcat wells 35/10-4 S and 35/10-4 A. The wells were drilled about ten kilometres southwest of the Vega field in the northern part of the North Sea. The primary exploration target for well 35/10-4 S was to prov ...

OilVoice Press - OilVoice


Posted 2 days agoPress > NPDNorwegian Petroleum DirectorateNorway +10

EPA Finalizes Renewable Fuel Standard for 2019, Reflecting Cellulosic Biofuel Shortfalls

Source: U.S. Energy Information Administration, based on U.S. Environmental Protection Agency's Renewable Fuel Standard program On November 30, 2018, the U.S. Environmental Protection Agency (EPA) issued a final rule for the 2019 Renewable Fuel Standard (RFS) program , with the total U.S. ...

OilVoice Press - OilVoice


Posted 2 days agoOpinion > EPAEIAEnergy Information Administration EIA +2
All posts from oilvoice