Gazprom, CNPC get ready to ink supply contract for Russian gas

1/24/2014

Gazprom, CNPC get ready to ink supply contract for Russian gas

BEIJING -- Beijing hosted a working meeting between Alexey Miller, chairman of the Gazprom Management Committee, and Zhou Jiping, chairman of China National Petroleum Corporation (CNPC), earlier this week.

The meeting participants addressed the issues of Russian natural gas supply to the Chinese market via the eastern route. Both parties are interested in successful completion of the negotiations and looking forward to signing a contract as soon as possible.

The parties noted that the negotiations were progressing as per schedule and the contract would enter into force in accordance with the previously agreed Major Terms – till late 2014.

It was suggested that the contract should be prepared for signing during the Russian President's visit to China, which is scheduled for May.

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