Another round of commercial negotiations held between Gazprom and China National Petroleum Corporation


Another round of commercial negotiations relevant to arranging Russian gas supply to China was held between Gazprom and China National Petroleum Corporation (CNPC) in Beijing. The negotiations took place within the frame of the Supplement (Roadmap) to the Russian-Chinese Memorandum of Cooperation in the natural gas sector signed in June 2009.

The Gazprom delegation was led by Alexander Medvedev, Deputy Chairman of the Company’s Management Committee, while the Chinese party was represented at the negotiations by Wang Dongjin, Vice President of CNPC.

The parties continued moving towards each other in their understanding of the key commercial and technical parameters of Russian gas delivery. Consideration was also given to various project finance schemes for Russian gas supply via the “western” corridor (Altai project) in order to improve its feasibility.

The negotiations resulted in setting the schedule of joint actions by Russian and Chinese experts as part of the preparations for the next round of the Russia-China Energy Dialogue.

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