Gazprom, CNPC sign agreement on gas supplies via western route

OAO Gazprom and China National Petroleum Corp. signed a framework agreement on gas supplies via the Altai pipeline, known as the “western route.”

The document creates the prerequisites for signing a gas purchase and sale agreement (PSA), Gazprom said, including annual gas supply of 30 billion cu m from Western Siberia to China via Altai.

The agreement was signed Nov. 9 in Beijing by Alexey Miller, chairman of the Gazprom management committee, and Zhou Jiping, chairman of CNPC, in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping.

Gazprom and CNPC in May signed a PSA for Russian gas supply via the Power of Siberia trunkline, known as the “eastern route” (OGJ Online, May 21, 2014). The 30-year contract provides for gas supply of 38 billion cu m/year.