Chinese Ambassador Li Hui and Alexey Miller express appreciation for Russian-Chinese cooperation in gas sector
The parties expressed their appreciation for the high level and ongoing development of the Russian-Chinese relations in the gas industry. It was noted that the bilateral partnership covered a wide range of fields and continued to evolve.
Pipeline supplies of Russian gas to China remain a key item on the parties' agenda. The meeting participants confirmed that the project for gas supplies via the eastern route was going according to schedule and discussed the progress of the negotiations for gas deliveries via the western route.
In addition, the parties underlined the importance of cooperation on underground gas storage, gas-fired power generation, and NGV market development.
In 2014, Gazprom and the Chinese state-owned oil and gas company CNPC signed the Sales and Purchase Agreement for gas to be supplied via the eastern route (Power of Siberia gas pipeline). The 30-year Agreement provides for gas deliveries to China in the amount of 38 billion cubic meters per year.