Gazprom and CNPC look into cooperation prospects

October 21, 2013

Beijing hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC). Gazprom and CNPC look into cooperation prospects

The meeting participants looked into the development prospects for bilateral interaction in the energy sector. Special attention was paid to the issues of Russian natural gas supply via the eastern route.

Alexey Miller and Zhou Jiping also paid a visit to the CNPC Dispatch and Control Center, where they got acquainted with the main capabilities and the work of the operations and dispatch control unit of the Chinese gas transmission system.

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.

In October 2009 Gazprom and CNPC inked the Framework Agreement on the major terms and conditions of natural gas supply from Russia to China. The Agreement stipulates annual exports of up to 68 billion cubic meters of gas to the Chinese market. In September 2010 the Extended Major Terms of natural gas supply from Russia to China were signed.

In March 2013 Gazprom and CNPC signed the Memorandum of Understanding for cooperation between the two companies in pipeline gas deliveries to China via the eastern route.

In September 2013 Gazprom and CNPC inked the Agreement on the major terms and conditions of pipeline gas supply from Russia to China via the eastern route.

Information Directorate, OAO Gazprom