GAZPROM & CNPC: SIGN CONTRACT
OAO Gazprom said it is preparing to sign a gas supply contract with China National Petroleum Corp. in May.
Alexey Miller, chairman of Gazprom's management committee, met with Zhou Jiping, chairman of CNPC. Gazprom said preparations are "nearing completion."
The launch of natural gas supply from Russia to China via the eastern route (OGJ Online, Sept. 6, 2013) was described as "strategically important" for both countries.
"It means the access to a new major developing market of gas supply for Russia, and China will get a strong impetus to economic development and environmental improvement," Gazprom said.
The companies signed a framework agreement in 2009 on major terms and conditions of natural gas supply from Russia to China. It stipulated exports of as much as 68 billion cu m/year to the Chinese market. In September 2013, they signed an agreement for gas supply via the eastern route.
|December, 14, 09:25:00|
|December, 14, 09:20:00|
|December, 14, 09:15:00|
|December, 14, 09:10:00|
|December, 14, 09:05:00|
|December, 14, 09:00:00|
PLATTS - Renewables' share in Germany's power mix is set to reach 38% this year, ahead of the government's 2020 target of 35% but below-trajectory for 2030's 65% target, utility lobby group BDEW said Thursday.
EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.
IMF - The Malaysian economy has shown resilience. Real GDP growth is projected at 4.7 percent for 2018, underpinned by domestic demand.
IMF - Bolivia's real GDP growth is projected at 4.5 percent in 2018, one of the highest rates in the region. Growth is supported by continued accommodative policies, a second economy-wide wage bonus, and strong agriculture output.