LNG

Oct 20 (LNGJ) – Russia’s Gazprom and China National Petroleum Corp. said they signed an additional agreement for China to receive more pipeline natural gas from Siberia from the end of 2023. Gazprom Chief Executive Alexey Miller and CNPC Chairman Dai Houliang signed the deal after a meeting in Beijing. 

   “During the meeting Gazprom and CNPC signed an additional agreement to the gas sales contract on the eastern route for an extra volume of supplies of Russian gas to China by the end of 2023,” said a statement that gave no details of volumes. Gazprom also said it had made more progress in the design works on the Soyuz Vostok gas pipeline that will cross Mongolian territory into China and that would become the continuation of the “Power of Siberia II” gas pipeline. 

China National Petroleum Corp. Chairman Dai Houliang and Gazprom's Chief Executive Alexey Miller have held a video conference as part of the Russian Eastern Economic Forum 2022 in Vladivostok and signed an agreement related to natural gas supplies as a plan to put a pipeline through Mongolia to China advanced.

Russian natural gas giant Gazprom marked the first anniversary of the coming on stream of the first gas pipeline from Russia to China, regarded as competition for LNG, but details released of current pipeline operations and capacities show less than expected year-one deliveries.

Gazprom and China National Petroleum Corp. have held talks on the increasing deliveries of pipeline natural gas to Northern China from Russian in the Power of Siberia pipeline project in competition with LNG cargoes, with the Chinese asking and receiving higher daily volumes.

China Petroleum and Chemical Corp., the Chinese energy major also known as Sinopec and with LNG stakes including in the state of Queensland in Australia, said it was planning to boost its LNG capacity and supplies as well as its shale-gas assets.