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CNPC signs cooperation agreement with Gazprom
2014/11/13

On November 9 during the APEC summit in Beijing, in the presence of Chinese President Xi Jinping and Russian President Vladimir Putin, Zhou Jiping, Chairman of CNPC and Alexey Miller, Chairman of the Gazprom Management Committee, signed a framework agreement on gas import from Russia via the western route.

The framework agreement on gas import via the western route is another step forward in gas cooperation since CNPC and Gazprom inked a purchase and sales contract on gas import via the eastern route in May this year. Under the agreement which provides the basic technical and economic terms for gas supply, Gazprom will transmit natural gas to China for 30 years with gas delivery gradually increasing to 30bcm/a over a period of four to six years.

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