Agreement signed on design development and construction of gas pipeline trans-border section for gas supplies to China via Far Eastern route
RELEASE
Release
An agreement was signed today by Gazprom, China National Petroleum Corporation (CNPC) and China Oil & Gas Pipeline Network Corporation (PipeChina) at the St. Petersburg International Gas Forum 2023.
The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee.
The agreement governs the cooperation between the parties with regard to the design development and construction of the trans-border section of the gas pipeline to cross the Ussuri River in the vicinity of the Dalnerechensk town (Russia) and the Hulin city (China). The trans-border section is an essential element in the project for gas supplies from Russia to China via the Far Eastern route.
Background
St. Petersburg International Gas Forum 2023 is being held at the EXPOFORUM Convention and Exhibition Centre from October 31 to November 3.
Gazprom's main partner in China is CNPC, a state-owned oil and gas company.
In 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for 38 billion cubic meters of gas per year to be supplied via the eastern route (Power of Siberia gas pipeline). The ceremony marking the start of the first-ever pipeline supplies of Russian gas to China took place on December 2, 2019.
The long-term Sales and Purchase Agreement for natural gas to be supplied via the Far Eastern route was signed in February 2022. As soon as the project reaches its full capacity, the amount of Russian pipeline gas supplies to China is going to grow by 10 billion cubic meters, totaling 48 billion cubic meters per year.