Gazprom and CNPC sign agreement on gas supplies via eastern route

A Technical Agreement was signed by Alexey Miller, Chairman of the Gazprom Management Committee and Wang Dongjin, Vice President of CNPC in the House of the Russian Government in Moscow. It is a supplement to the Purchase and Sale Agreement on natural gas supplies via the eastern route.

The document was signed in the presence of Dmitry Medvedev, Russia's Prime Minister and Li Keqiang, Premier of China's State Council.

The Technical Agreement defines basic parameters of design, construction and operation of the Power of Siberia gas trunkline's cross-border section. In addition, the document contains the main technical and technological features of conveying gas from seller to buyer.

“As of today, all the necessary documents on gas supplies to China have been signed, including the Intergovernmental Agreement. The construction of Power of Siberia is in full swing. We have a particular plan and specific deadlines to be met without fail,” said Alexey Miller.

Background

CNPC is China's largest petroleum company wholly-owned by the state and is one of the world's leading integrated oil and gas production companies, focused on hydrocarbon production and transmission as well as providing engineering and petroleum services.

On 21st May, 2014 Gazprom and China National Petroleum Corporation signed the Purchase and Sale Agreement for the Russian gas supply via the eastern route. The 30 year contract provides for Russian gas supplies to China in the amount of 38 billion m³/yr.

The Power of Siberia gas trunkline is designed for natural gas transmission from the Yakutia and Irkutsk gas production centres, as well as for gas supplies to China.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/15102014/gazprom-and-cnpc-sign-agreement-on-gas-supplies-via-eastern-route/