Pipelines, Storage & Power

Gazprom and CNPC sign gas supply agreement

Gazprom and CNPC have signed an agreement on the main terms of gas supplies from Russia’s Far East to China.
By Staff reporter 21 December 2017 0 28887

Gazprom and China National Petroleum Corp. (CNPC) signed an agreement in the second half of December on the main terms of gas supplies from Russia’s Far East to China, the Russian gas giant reported following a meeting in Beijing between Gazprom Chief Executive Alexei Miller and CNPC Chairman Wang Yilin.

The agreement stipulates the main parameters for future shipments, including the volume of gas, the duration of the contract, the timetable for the start of shipments, the period in which volumes will be increased and the...