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The work on the contract for the supply of gas to China is at the final stage
According to the press service of the Ministry of Energy of the Russian Federation, on April 29.04, a working meeting between Chairman of the Management Committee A. Miller and Chairman of the Board of Directors of the China National Petroleum Corporation (CNPC) Zhou Jiping took place at the Gazprom headquarters.
The parties discussed the progress in preparing a contract for the supply of Russian pipeline gas to China via the "induction route". It was noted that the work is going on actively and is in the final stage. As planned, Gazprom and CNPC are preparing a contract for signing in May.
Alexey Miller and Zhou Jiping stressed that the organization of gas supplies via the "eastern route" is of strategic importance for both countries. For Russia, this is a new large developing market for gas supplies, for China, it is a powerful lever for economic development and environmental improvement.
CNPC is the largest state-owned oil and gas company in China (state participation is 100%) and one of the leading integrated oil and gas companies in the world.
In 2009, Gazprom and CNPC have signed Framework Agreement on Basic Delivery Terms natural gas From Russia to China, assuming exports to the Chinese market to 68 billion cubic meters. M of gas annually. In 2010, there were are signed Extended Basic Terms of Gas Supply from Russia to China.
In September 2013 Gazprom and CNPC have signed Agreement on the main conditions of pipeline supplies of natural gas from Russia to China via the "eastern" route.