Gazprom and CNPC discuss ongoing preparations for gas supplies to China via Power of Siberia
RELEASE
Release
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place today at the St. Petersburg International Economic Forum 2019.
The parties discussed the ongoing preparations for the start of Russian gas supplies to China via the eastern route (Power of Siberia gas pipeline) on December 1 this year. Start-up operations are currently underway on the gas pipeline. The construction of the border-adjacent Atamanskaya compressor station, which will maintain the required pressure during gas deliveries to China, is nearing completion.
Alexey Miller and Wang Yilin paid particular attention to the planned deliveries of natural gas to China from Western Siberian fields and Russia's Far East.
In addition, the meeting touched upon the collaboration between the companies in the areas of gas-fired power generation, underground gas storage, and use of natural gas as a vehicle fuel.
Developing gas resources and shaping gas transmission system in eastern Russia
Background
The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year's key topic is Creating a Sustainable Development Agenda.
Gazprom's main partner in China is CNPC, a state-owned oil and gas company.
On May 21, 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for Russian gas to be supplied via the eastern route (Power of Siberia gas pipeline). The document provides for gas deliveries to China in the amount of 38 billion cubic meters per year.
In 2015, Gazprom and CNPC inked the Heads of Agreement for pipeline deliveries of natural gas from Western Siberian fields to China via the western route (Power of Siberia 2 gas pipeline) and the Memorandum of Understanding for the project of pipeline gas supplies to China from Russia's Far East.
In 2016, Gazprom and CNPC signed the Memorandum of Understanding on underground gas storage and gas-fired power generation in China.
In October 2017, Gazprom, CNPC, and KazMunayGas signed the Memorandum of Understanding to join efforts in developing the production and sales infrastructure for natural gas as a vehicle fuel within the Europe – China international transport corridor.
In July 2017, Gazprom and CNPC inked the Supplementary Agreement to the Sales and Purchase Agreement for gas to be supplied via the eastern route signed in 2014.
In December 2017, Gazprom and CNPC signed the Heads of Agreement for natural gas to be supplied from Russia's Far East to China.