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Rosneft and Gazprom are interested in cooperation with CNPC on LNG projects in the Far East

Rosneft and Gazprom are discussing the possibility of cooperation with CNPC in the field of LNG in the Far East. This was reported by the Interfax agency with reference to the head of the foreign relations department of CNPC Zhang Xin.

According to him, this applies to projects of companies in the Far East region. “Both Rosneft and Gazprom have expressed their interest. Rosneft announced that it would like our entry into the project, ”he said. “Unfortunately, no practical progress has yet been achieved in negotiations with both Russian companies. Therefore, while the issue is at the stage of exchange of views, in-depth discussion is not being conducted. Neither Rosneft nor Gazprom have put forward concrete proposals yet, ”Zhang Xin specified.

Rosneft has agreed with ExxonMobil on the construction of an LNG plant using the Sakhalin-1 gas project with a capacity of 5 million tonnes. The Vladivostok LNG project (Gazprom LNG Vladivostok LLC) involves the construction of a plant for the production of liquefied natural gas with a capacity of 10 million tons per year in Primorsky Krai with the possibility of further expansion.
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