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October 2018
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Tuesday, 12 June 2018 12:30

Gazprom and CNPC sign agreement

Gazprom and CNPC sign agreement

In Beijing, Alexey Miller and Wang Yilin signed a Supplementary Agreement to the Agreement  for cooperation in the field of mutual recognition of standards and conformity assessment results, inked on November 7, 2016. The new document envisages the introduction of regulations on the terms and mechanisms of mutual recognition of testing results for the products of common interest for both companies, Caspian Energy News (www.caspianenergy.net ) reports with reference to Gazprom.The parties discussed the commercial and technical aspects of gas supplies to China from Russia’s Far East.

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 December 2017, Gazprom and CNPC inked the Memorandum of Understanding for the project of pipeline gas supplies to China from Russia’s Far East.

More details: http://www.gazprom.ru/press/news/2018/june/article434480/

Person in charge of the newsline: Fidan Isayeva

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