A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dai Houliang, Chairman of the Board of Directors of CNPC (China),
took place in Beijing.
The parties addressed a wide array of bilateral strategic cooperation issues. For instance, appreciation was expressed for the reliable supplies of Russian gas to China via the eastern route, i.e. the Power of Siberia gas pipeline.
Particular attention was paid to the implementation of the project for gas supplies via the Far Eastern route. Design development works are now in progress for the relevant gas pipeline.
Alexey Miller informed Dai Houliang about the progress of the design development works for the Soyuz Vostok gas pipeline project in Mongolia. It will become an extension of Russia's Power of Siberia 2 prospective gas pipeline.
It was noted at the meeting that there is a successful collaboration between the companies in other areas as well, including the cooperation in underground gas storage, sci-tech development and personnel training.
During the meeting, Gazprom and CNPC signed a Supplementary Agreement to the Sales and Purchase Agreement for Russian gas to be supplied via the eastern route. The Supplementary Agreement provides for an additional volume of Russian gas to be delivered to China until the end of 2023.
Also signed by Gazprom and CNPC was an updated version of the Agreement to cooperate in the field of mutual recognition of standards and conformity assessment results, which is to replace the version that had been inked in 2016.
“With regard to all matters of cooperation in the gas sector, the negotiations were very constructive and substantive. Throughout the current year, the volumes of gas supplies via Power of Siberia have already risen by 46.6 per cent versus the same period of last year. Gazprom is ready to further ramp up the supplies and reliably provide its Chinese partners with natural gas via the agreed routes,” said Alexey Miller.
