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.


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