Gazprom, CNPC, CDBC Sign Documents for Wider Energy Cooperation

Gazprom, CNPC, and China Development Bank Corporation have signed a number of documents for wider energy cooperation.

Alexey Miller, chairman of the Gazprom management committee, and Xu Wenrong, vice president of CNPC, signed a memorandum of understanding to explore the opportunities for cooperation in the NGV sector. Gazprom and CNPC also agreed to conduct a joint marketing study regarding the possibility of using LNG as a vehicle fuel along the Europe – China international transport route.

In addition, Alexey Miller and Zheng Zhijie, president of China Development Bank Corporation, signed a memorandum outlining the general principles of cooperation between the parties in arranging project or any other financing, including for the Amur gas processing plant construction project.

“Russian-Chinese cooperation in the gas sector continues to expand and the dynamic is encouraging,” said Gazprom’s Alexey Miller.

“Today, we signed important documents for bilateral partnership in a whole range of areas. The agreements mark an important stage in the evolving relationship between Gazprom and Chinese companies as part of joint energy projects,” he added.


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