Russia's Gazprom and China's National Petroleum Corporation (CNPC)
have signed a memorandum of understanding on a project of natural gas
deliveries from Russia to China via a pipeline in Russia's Far East. The
document has been approved in the presence of Russia's President
Vladimir Putin and China's President Xi Jinping.
According to the document, the sides agree to study the delivery
project, and as a result key technical and commercial parameters of the
project will be determined, including schedule, volume and point of
delivery.
"A memorandum was signed today on gas supplies from the Russian
Federation, from the Far East region, to China. The memorandum was
signed by Gazprom and our Chinese partners - CNPC," said Miller.
"The gas delivery project from Russia's Far East to China will
strengthen strategic and mutually beneficial ties between our
companies," Gazprom's CEO Alexey Miller said in the press-release.
In May 2015 Gazprom and CNPC signed an agreement on the main terms of
pipeline deliveries of natural gas from Russia to China via the
Westernroute, after signing a similar agreement on the Easternroute a
year earlier.
(ITAR-TASS)