China National Petroleum Corp. (CNPC) and Gazprom have signed a geological technology research agreement to build an underground gas storage facility in China.
The two will evaluate the Shengshen 2-1 gas field in Heilongjiang province and an underground salt cavern in Jiangsu, as well as an aquifer.
The agreement comes after CNPC Chairman Wang Yilin met Gazprom Chairman Alexei Miller at CNPC’s headquarters in Beijing on Wednesday.
The two parties discussed strengthening cooperation in the gas business and signed a new cooperation agreement.
Miller also met Chinese Vice Premier...