Supply & Demand

CNPC and Gazprom to sign SPA for pipeline gas by end of 2018

CNPC and Gazprom will signing a contract for pipeline gas supplies into China’s western region of Xinjiang by the end of this year.
By Staff reporter 18 September 2018 0 32585

China National Petroleum Corp. and Gazprom will signing a contract for pipeline gas supplies into China’s western region of Xinjiang by the end of this year, Interfax reported Deputy Russian Prime Minister Dmitry Kozak as saying on Monday.

“Talks are taking place, and there is a task to complete [them] before the end of this year and to sign a sales-and-purchase agreement [SPA],” said Kozak.

The SPA would be for a period of 30 years but the price still needs to be negotiated, said Gazprom Chief Executive...