LNG

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.

June 17 (LNGJ) - Russian natural gas company Gazprom said it signed a technical agreement with China National Petroleum Corp. on the Far East route for a new gas pipeline carrying Chinese supplies. Gazprom added that Huang Yongzhang, Vice President of CNPC’s PetroChina unit listed in Hong Kong and Vitaly Markelov, Deputy Chairman of Gazprom, signed the technical agreement on the China-Russian Far East Gas Supply Project during a virtual meeting.

   “The document contains the main technical parameters for the cross-border section of the gas pipeline, including the underwater crossing of the Ussuri border river, as well as the physical and chemical parameters of the gas intended for supply,” said Gazprom. Under the previously revealed terms of the new deal, the Russians will provide 48 billion cubic metres per annum to China, with 10 Bcm flowing through the new Far East pipeline and the remaining 38 Bcm flowing through the “Power of Siberia” pipeline.