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Intergovernmental agreement on the supply of Russian gas to China may be signed in the near future - Gazprom

Beijing on Friday hosted a meeting between Gazprom CEO Alexei Miller and First Deputy Prime Minister of the State Council of the People's Republic of China Zhang Gaoli, where they discussed the preparation of the Intergovernmental Agreement for organizing Russian pipeline gas supplies to China via the Eastern route, the company's press service reported. ...

"It was noted that the document is in the final stage of readiness and can be signed in the near future," - said in a statement. The meeting discussed further concrete steps to prepare a project for gas supplies along the "western" route. Three main documents will be signed: an intergovernmental agreement, a commercial contract and a technical agreement.

Alexey Miller also met with Chairman of the CNPC Board of Directors Zhou Jiping. It was about the implementation of the project for the supply of Russian gas to China on the "eastern" route. It is noted that the project is carried out on schedule. During the meeting, the parties discussed in detail the schedule for further negotiations on signing a contract for the supply of Russian gas to the PRC along the "western" route.

"Negotiations in China were held in a warm, friendly and confidential atmosphere. Their results are extremely significant. At the meetings that took place, we outlined a new scale of interaction in the gas sector, this concerns supply volumes, long-term cooperation and new directions of work.

In the current negotiations, the main priority is the "western" route. The contract is being prepared for the supply of 30 billion cubic meters. m of gas per year. The project "Altai" has a very high degree of readiness for the beginning of construction. In the future, the second and third threads of the gas pipeline can be built, with an output of up to 100 billion cubic meters of potential capacity. m per year.

Among the new areas of cooperation: joint implementation of projects on offshore oil blocks in Russia and China, projects in the field of electricity in China, joint work in third countries. Gazprom is ready to consider the possibility of supplying pipeline gas for export to China as an alternative to the Vladivostok LNG project, said Alexey Miller following the visit.

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