Gazprom & Chinese Companies Sign Agreements for Wider Energy Cooperation

Source: www.gulfoilandgas.com 11/7/2016, Location: Asia

Gazprom, CNPC, and China Development Bank Corporation signed at the meeting between Russian and Chinese Prime Ministers in St. Petersburg a number of documents for deeper cooperation.

The signing ceremony was held in the presence of Dmitry Medvedev, Prime Minister of the Russian Federation, and Li Keqiang, Premier of the State Council of the People's Republic of China.

Alexey Miller, Chairman of the Gazprom Management Committee, and Xu Wenrong, Vice President of CNPC, signed an Agreement to cooperate in the field of mutual recognition of standards and conformity assessment results. The document provides for joint development of intercorporate technical standards and application thereof by the companies. The parties also signed a Memorandum to explore the opportunities for cooperation in the NGV sector.

Gazprom and CNPC agreed to conduct a joint marketing study regarding the possibility of using LNG as a vehicle fuel along the Europe – China international transport route.

In addition, Alexey Miller and Zheng Zhijie, President of China Development Bank Corporation, signed a Memorandum of Understanding. The document outlines the general principles of cooperation between the parties in arranging project or any other financing, including for the Amur GPP construction project.

“Russian-Chinese cooperation in the gas sector continues to expand and the dynamic is encouraging.

Today, we signed important documents for bilateral partnership in a whole range of areas. The agreements mark an important stage in the evolving relationship between Gazprom and Chinese companies as part of joint energy projects,” said Alexey Miller.


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