Gazprom, CNPC Broaden Strategic Energy Cooperation
Russia’s Gazprom has revealed that it has agreed to broaden its strategic cooperation in the energy sector with China’s CNPC.
Alexey Miller, chairman of the Gazprom management committee, and Wang Yilin, chairman of the board of directors of CNPC, discussed the progress in the development of projects in the field of natural gas storage and signed an agreement to conduct geotechnical surveys for the creation of UGS facilities.
Pursuant to the document, plans are in place to assess the geological, technological and economic conditions for creating underground gas storage facilities within the Shenzhen 2–1 field (Heilongjiang province), Chuzhou salt caverns (Jiangsu province), Baiju aquifers (Jiangsu province), and other areas.
The parties also addressed the prospects for joint projects in the field of gas-fired power generation in China and decided to complete preparatory work in 2017 in order to make the investment decision with regard to a pilot project.
A new working group focused on staff development and experience sharing was also created within the Joint Coordinating Committee of Gazprom and CNPC by the parties.
“The strategic partnership between Gazprom and CNPC continues to advance,” Miller said.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Poland Bets on LNG, Norway Gas as Divorce With Russia Looms (Feb 09)
- Ukraine And Russia Both Claim Victory In Gas Dispute (Dec 22)
- Gazprom to Splurge on EU Gas Pipe as US Weighs Penalties (Dec 19)
Company: CNPC more info
- With CNPC Deal, Cheniere's Train 3 at Corpus Christi Becomes More Likely (Feb 09)
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)
- CNPC Plans to Cut Gas Supplies to Industrial Users-State Media (Nov 06)