Gazprom, CNPC ink gas supply MoU

Gazprom’s CEO Alexey Miller and Wang Yilin, Chairman of the CNPC Board of Directors signed on Thursday a memorandum of understanding for pipeline gas supply to China from Russia’s Far East.

The document reflects the parties’ intent to set up a joint working group for conducting a research on the project for gas supply, Gazprom said in a statement.

The research results will determine the key technical and commercial parameters of the project, including terms of delivery as well as a gas delivery point, it added.

Image: Gazprom