Gazprom, CNPC Discuss Bilateral Cooperation

Beijing hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC).

The parties addressed the crucial issues of the bilateral cooperation prior to the oncoming official visit of Russian President Vladimir Putin to China.

CNPC is China’s largest petroleum company wholly-owned by the state and is one of the world’s leading integrated oil and gas production companies.

In 2009 Gazprom and CNPC inked the Framework Agreement on the major terms and conditions of natural gas supply from Russia to China. The Agreement stipulates annual exports of up to 68 billion cubic meters of gas to the Chinese market. In 2010 the Extended Major Terms of natural gas supply from Russia to China were signed.

In September 2013 Gazprom and CNPC inked the Agreement on the major terms and conditions of pipeline gas supply from Russia to China via the eastern route.