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    CNPC, Gazprom Discuss Gas Matters

Summary

CNPC and Russia’s Gazprom June 8 held talks in Beijing to discuss issues regarding cooperation in the gas sector.

by: Shardul Sharma

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CNPC, Gazprom Discuss Gas Matters

CNPC and Russia’s Gazprom June 8 held talks in Beijing to discuss issues regarding cooperation in the gas sector, including the status of the Power of Siberia gas pipeline project, Gazprom said the same day.

Gazprom said that the Power of Siberia project was going according to schedule, with the gas pipeline’s linear part from the Chayandinskoye field to the Chinese border 84.4% complete (over 1,820 km). Pipe pulling operations were finished in the second tunnel of the crossing under the Amur river within Power of Siberia’s cross-border section, it said. The Power of Siberia gas pipeline will carry gas from the Irkutsk and Yakutia gas production centres to consumers in Russia’s Far East and China. In 2014, Gazprom signed a 30-year contract with CNPC for the supply of 38bn m3/yr of gas via the pipeline. First gas is expected to flow into China at the end of 2019.

The two companies also discussed cooperation in areas such as underground gas storage, promotion of the use of natural gas as a vehicle fuel, and gas-fired power generation.

Also, Gazprom’s Alexey Miller and CNPC’s Wang Yilin signed a supplementary agreement to the agreement for cooperation in the field of mutual recognition of standards and conformity assessment results, inked on November 7, 2016. The new document envisages the introduction of regulations on the terms and mechanisms of mutual recognition of testing results for the products of common interest for both companies, Gazprom said.