Gazprom, CNPC preparing to sign gas supply contract in May

Following an Apr. 29 meeting in Moscow, OAO Gazprom said it is preparing to sign a gas supply contract with China National Petroleum Corp. in May.

Alexey Miller, chairman of Gazprom’s management committee, met with Zhou Jiping, chairman of CNPC. Gazprom said preparations are “nearing completion.”

The launch of natural gas supply from Russia to China via the eastern route (OGJ Online, Sept. 6, 2013) was described as “strategically important” for both countries.

“It means the access to a new major developing market of gas supply for Russia, and China will get a strong impetus to economic development and environmental improvement,” Gazprom said.

The companies signed a framework agreement in 2009 on major terms and conditions of natural gas supply from Russia to China. It stipulated exports of as much as 68 billion cu m/year to the Chinese market. In September 2013, they signed an agreement for gas supply via the eastern route.

Related Articles

Uneven effects seen from new Appalachian pipelines

09/15/2014 Producers in the Appalachian basin will benefit unevenly from markets opening for natural gas from the Marcellus and Utica shales, according to a C...

AAPG ICE: Turkey sees early shale oil development

09/15/2014 Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940. While Texas’ oil hi...

Giesler joins Miller as chief executive

09/15/2014 Carl F. Giesler Jr. has joined Miller Energy Resources Inc., Knoxville, Tenn., as chief executive officer, replacing Scott M. Boruff, who is now ex...

Miller seeks Buccaneer’s Alaskan assets

09/15/2014 Miller Energy Resources Inc., Knoxville, Tenn., has signed a nonbinding letter of intent to buy Alaskan operating assets of Buccaneer Energy for $4...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected