OGJ Newsletter

GENERAL INTEREST — Quick Takes Gazprom, CNPC sign 30-year natural gas supply contract OAO Gazprom and China National Petroleum Corp. signed a 30-year natural gas supply contract reportedly worth $400 billion that earlier this year the two firms announced they were preparing to sign (OGJ Online, Apr. 30, 2014). The contract signing in Shanghai by Alexey Miller, Gazprom management committee chairman, and Zhou Jiping, CNPC chairman, was in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping. The contract stipulates that 38 billion cu m/year will be supplied from Russia to China. It includes provisions for a price formula linked to oil prices and a take-or-pay ...

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