RUSSIAN GAS FOR CHINA

GAZPROM - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing today.

Highlighting the successes of their partnership in the gas sector, the parties noted the progress made in the implementation of the project for Russian gas exports to China via the eastern route. Negotiations continue over the planned supplies from Russia's Far East. In addition, the companies carry on with their active collaboration in such areas as underground gas storage, gas-fired power generation, and the use of gas as a vehicle fuel.

After the meeting, Alexey Miller and Wang Yilin signed the Heads of Agreement for natural gas to be supplied from Russia's Far East to China. The document outlines the basic parameters of future supplies, namely the volumes, the term of the contract, the starting date of supplies, the surge period, and the cross-border point. The corresponding contract is expected to be inked in 2018.

The parties also signed the Coordination Agreement – the addendum to the Sales and Purchase Agreement for gas to be supplied via the eastern route. The new Agreement sets out, inter alia, the modalities of interaction and the gas metering procedure in the course of conveying gas.

"Today, we laid the basis for another pipeline route of Russian gas supplies to China. The project will expand the range of options for satisfying the growing demand for gas in the Chinese market," said Alexey Miller.

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Earlier:

RUSSIA:					CHINA:
2017, December, 11, 10:20:00 RUSSIAN GAZPROM'S NEW RECORD PLATTS - Taking into account the nominated volume for Friday, Gazprom will have exported 179.8 Bcm to what it calls the Far Abroad -- Europe and Turkey, but not the countries of the former Soviet Union -- higher than last year's then record high of 179.3 Bcm.					2017, December, 8, 17:30:00 CHINA'S GAS IMPORTS RECORD REUTERS - China’s natural gas imports in November rose to a record as domestic demand surged while crude imports were the second-highest ever, as refiners ramped up output to cash in on strong profits as fuel prices soar, customs data showed on Friday.
2017, December, 1, 12:45:00 RUSSIAN GAS TO GERMANY: 200 BLN GAZPROM - the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point. Русский | English					2017, December, 1, 12:35:00 CHINA'S LNG GROWTH PLATTS - Average domestic trucked LNG prices in China jumped more than 47% since November 14, according to Shanghai Petroleum and Natural Gas Exchange which monitors trucked LNG transactions from 50 LNG terminals and factories.
2017, November, 20, 09:20:00 RUSSIA'S GAS FOR EUROPE UP Gazprom's natural gas supplies to western Europe edged up by 3% year on year in the third quarter of 2017, according to an S&P Global Platts analysis of Gazprom data, as Russian gas deliveries to its core markets continue to outpace last year's levels.					2017, November, 9, 13:35:00 U.S. - CHINA LNG China’s top state oil major Sinopec, one of the country’s top banks and its sovereign wealth fund have agreed to help develop Alaska’s liquefied natural gas sector as part of U.S. President Donald Trump’s visit, the U.S. government said on Thursday.
2017, September, 27, 13:45:00 RUSSIAN GAS FOR CHINA As noted by Alexey Miller, "since early 2017, China's gas demand has grown significantly; according to the latest data, in January-July alone gas consumption in China added 16 per cent compared to the same period of last year." Русский | English					2017, November, 3, 12:15:00 SOUTH CHINA SEA LNG The South China Sea is a major route for liquefied natural gas (LNG) trade, and in 2016, almost 40% of global LNG trade, or about 4.7 trillion cubic feet (Tcf), passed through the South China Sea.
2017, September, 25, 13:15:00 RUSSIA - CHINA INVESTMENT So the $9.1bn stumped up by CEFC China Energy this month for a 14.16 per cent stake in Russian oil producer Rosneft was a welcome surprise for those keen for China to become a big investor in Russia.					2017, October, 27, 19:20:00 CHINA'S GAS CONSUMPTION UP EIA - Global natural gas consumption is expected to grow from 340 billion cubic feet per day (Bcf/d) in 2015 to 485 Bcf/d by 2040, primarily in countries in Asia and in the Middle East. China accounts for more than a quarter of all global natural gas consumption growth between 2015 and 2040.
2017, September, 22, 09:00:00 RUSSIAN OIL FOR CHINA Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January, likely cementing Russia’s position as China’s largest oil supplier in a close race with Saudi Arabia.					2017, September, 11, 12:35:00 CHINA BUYS ROSNEFT 14.16%, $9 BLN CEFC China Energy is set to take a stake of almost $9bn in Russian state-controlled oil company Rosneft, in a major strengthening of energy ties between Beijing and Moscow as relations deteriorate with the west.
2017, September, 18, 12:30:00 RUSSIA - CHINA - VENEZUELA OIL “The principal risk regarding Russian and Chinese activities in Venezuela in the near term is that they will exploit the unfolding crisis, including the effect of US sanctions, to deepen their control over Venezuela’s resources, and their [financial] leverage over the country as an anti-US political and military partner,” observed R. Evan Ellis, a senior associate in the Center for Strategic and International Studies’ Americas Program.					2017, July, 5, 12:25:00 RUSSIAN GAS FOR CHINA According to the Supplementary Agreement, gas supplies to China via the Power of Siberia gas pipeline will commence in December 2019. Русский | English