Medvedev, Deputy Chairman of the Gazprom
Management Committee and Wang Dongjin, Vice President
of the China National Petroleum Corporation (CNPC) had
another round of commercial negotiations today
in the Chengdu town (China). The talks were devoted
to the prospects of partnership development
in the energy sector.
The parties discussed the ongoing cooperation and the
opportunities for its extension as well
as a subject matter and the schedules for the
joint research that would have to outline the
effective parameters for future relationships between the
two companies in the Chinese gas market.
As part of experience sharing, the parties agreed
to assign a group of Gazprom's technical
experts to the shale gas fields being currently
developed by CNPC. Within the first trip scheduled for
July 17, 2012, Gazprom's experts will visit the
production facilities of the Changning field, near the
Yibin town (Sichuan Province).
CNPC is the largest state-owned petroleum company
in China (the Government holds a 100 per
cent stake) and is one of the world's
leading integrated oil and gas production companies.
Gazprom and CNPC signed the Agreement of Strategic
Cooperation on October 14, 2004. Among other things,
the Agreement covers examination of the issues
relative to the arrangement of natural gas
delivery from Russia to China by Gazprom. The
opportunities are also being explored for joint gas
processing and gas chemical projects in eastern
Russia and in third countries. The Joint
Coordinating Committee was set up to supervise
the Agreement implementation. The Committee resolved
to set up the Joint Working Group
to ensure day-to-day execution of the Agreement
in parallel with working groups for major joint
In June 2009 the Governments of Russia and
China signed the Memorandum of Understanding for
cooperation in the natural gas sector.
In October 2009 Gazprom and CNPC inked the Framework
Agreement on major terms and conditions for natural
gas supply from Russia to China. In December
2009 the Basic Major Terms of Gas Supply from
Russia to China were signed.