Representative Оffice in the People's Republic of China
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Vladislav Baryshnikov, General Representative |
Alexey Miller, Chairman of the Gazprom Management Committee said in his Report to the Gazprom Annual General Shareholders’ Meeting on June 30, 2006:
“The highest rate of growth in gas demand is forecasted here, in the Asia- Pacific Region for the near 15 years. The forecasted tempo of growth in the АSPAC region is twice as high as that in Europe.
Our counterparts from the countries of Asia show their readiness to rely on the gas from Russia. What relates to supplies to China – potentially the most capacious market in Asia – we are at the stage of commercial negotiations already”.
Gazprom Representative Оffice in the People's Republic of China was established in August of 2002 in Beijing in order to promote long term mutually beneficial oil and gas cooperation between Gazprom and enterprises and organizations of the PRC.
Pursuant to the tasks set forth by the corporate management the Representative Оffice is also becoming Gazprom’s outpost in the Asia-Pacific region, developing cooperation with relevant state authorities and largest oil and gas companies of Japan, Republic of Korea, People’s Democtratic Republic of Korea, Hongkong (SAR), Singapore, Malaysia, Indonesia, Vietnam, Thailand, etc.
The Representative Office has established close ties with leading Chinese oil and gas companies – China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC), China National Petrochemical Corporation (SINOPEC), Sinochem Corporation, etc.
Considering the Chinese market as a very important one for selling petrochemical products manufactured by Gazprom subsidiaries, the Representative Office is engaged in monitoring petrochemical market of the PRC on a regular basis.
Agreement on strategic cooperation between Gazprom and China National Petroleum Corporation, signed on October, 2004 in the scope of the official visit of the Russian President Vladimir Putin to China stipulated a wide range of areas of cooperation, including detailed studies of organization of natural gas deliveries by Gazprom from Russia to China.
In March 2006 top executives of Gazprom and CNPC signed the “Protocol on Deliveries of Natural Gas from Russia to the People’s Republic of China”. The Protocol signed in the scope of the official visit of the Russian President Vladimir Putin to China has specified terms, volumes and routes of gas deliveries together with the basis of the price formation formula.
The primary fields of the Representative Office activities in China as well as in the other Asia-Pacific countries are:
We are looking forward to mutually beneficial cooperation!