China, Russia ink energy agreements
(Xinhua) Updated: 2014-11-13 17:14BEIJING - Gas import from Russia via the western route will hit 30 billion cubic meters per year and last for three decades, according to China National Petroleum Corp (CNPC) on Thursday.
CNPC signed a framework agreement with Gazprom on Nov 9 detailing the natural gas import arrangement.
The deal is another step forward in gas cooperation, preceded by the two oil giants inking a purchase and sales contract on gas import via the eastern route in May, 2014.
CNPC also signed a cooperation agreement with Rosneft on the Vankor Oilfield project on the same day, which defined the trade principles and other terms for CNPC to purchase part of the share stakes of Vankorneft, a Rosneft subsidiary with production of 22 million tons in 2013.
Meanwhile, CNPC said Thursday that gas imports from Myanmar had totalled 3 billion cubic meters by Nov. 11 via the China-Myanmar natural gas pipeline.
 |
 |
| China-Russia gas deal details not finalized | China-Russia energy deals |
- Russia formally approves gas deal with China
- China, Russia start construction of joint-venture natural gas pipeline
- China-Russia energy co-op promising: Chinese ambassador
- China, Russia trade volume rises 1.8% in 5 months
- Russia to build gas pipeline to China in August
- Russia, China inch toward another gas contract
- Cash crunch fans expectation on RRR cut
- US extends antidumping duties on China's thermal paper
- Modern food van with ancient look in Shanghai
- China home prices continue to cool in November
- Asia's top 3 billionaires all Chinese
- Old investment remedy the treatment for China's "new normal"
- China's solar sector opposes US anti-dumping ruling
- BMW to recall 846 cars in China
