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Page added on March 15, 2013
Gazprom explores gas ties with China
Gazprom is working on technical parameters of a pipeline to deliver natural gas to the Chinese market, company Chairman Alexei Miller said.
Miller led a delegation to Beijing to meet the board of directors at the China National Petroleum Corp.
“Special focus was laid on key commercial and technical parameters of pipeline gas supplies to the (Chinese) market,” Gazprom said in a statement.
Both sides, the Russian company said, would work on a contract for natural gas deliveries to China.
Gazprom added that it was interested in working with CNPC on liquefied natural gas from the Vladivostok project on Russia’s eastern coast.
Gazprom in 2007 adopted a program to get more natural gas to Chinese and other Asian markets.
The International Energy Agency said that, for 2010, Chinese natural gas demand was 3.7 trillion cubic and increased to almost 4.6 trillion cubic feet the following year. China in 2011 imported a combined 384 billion cubic feet of natural gas in the form of LNG.
One Comment on "Gazprom explores gas ties with China"
BillT on Fri, 15th Mar 2013 4:23 am
And the beat goes on…
Claims that Russia and China are never going to be friends may need to be looked at again in the new light of resource scarcity. Russia has a lot of what China needs, but China will bargain for it, not try to take it like the Us does. And I bet it will NOT be paid for with dollars…lol.