Gazprom and CNPC come closer to a common standpoint on technical parameters of gas supplies to China

abarrelfullabarrelfull wrote on 21 Jan 2011 14:52
Tags: china cnpc gas gazprom russia

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As part of the Supplement (Roadmap) to the Russian-Chinese Memorandum of Cooperation in the natural gas sector signed in June 2009, another round of commercial talks took place in the city of Sanya (PRC) between Gazprom and China National Petroleum Corporation (CNPC) relevant to arranging Russian natural gas supply to China.

The Gazprom delegation was headed by Alexander Medvedev, Deputy Chairman of the Company's Management Committee, while Wang Dongjin, Vice President of CNPC led the Chinese delegation.

The parties continued their work on the basis of the Extended Major Terms of Gas Supply from Russia to China and moved considerably closer to a common standpoint when discussing the technical parameters of supplies. Consideration was given to the financing options for Russian gas supplies via the “western” route (Altai project) to further enhance its economic viability.

As a result of the talks, an action plan was compiled for the Russian and Chinese experts to cooperate as part of the preparations for the next round of talks that will take place in March in Saint Petersburg.

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