Gazprom and CNPC hold meeting of Joint Coordinating Committee
A regular meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC took place in Beijing.
The meeting was moderated by JCC co-chairmen Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Wang Dongjin, Vice President of CNPC. Among other things, attention was paid to the progress of the project for natural gas supplies from Russia to China via the eastern route. It was noted that the project was running on schedule.
Gas resources exploitation and gas transmission system development in Eastern Russia
In addition, the meeting participants addressed the companies’ collaboration with regard to underground gas storage and gas-fired power generation in China, use of gas as a vehicle fuel, mutual recognition of standards, and scientific and technical cooperation.
In the course of the meeting, the parties approved the 2017 work plans for the specialized working groups within the JCC.
CNPC is China's state-owned oil and gas company and one of the world's leading integrated energy companies.
In 2014, Gazprom and CNPC signed the Sales and Purchase Agreement for gas to be supplied via the eastern route (Power of Siberia gas pipeline). The 30-year Agreement provides for Russian gas deliveries to China in the amount of 38 billion cubic meters per year.
On June 25, 2016, Gazprom and CNPC signed the Memorandum of Understanding on underground gas storage and gas-fired power generation in China.