China's CNPC Signs Gas Agreement With Russia's Gazprom
09.07.2022 By Ella Keskin - NEWS

September 7, 2022 [Reuters] – China National Petroleum Corporation (CNPC), parent of PetroChina (601857.SS), said on Wednesday it had signed an agreement with Russia’s Gazprom (GAZP.MM) related to the Power of Siberia gas pipeline.


The agreement, signed during a video conference between CNPC Chairman Dai Houliang and Gazprom President Alexei Miller, was a supplementary agreement to the “Sino-Russian Eastern Route Natural Gas Purchase and Sale Agreement”.

The eastern route is also known as the Power of Siberia pipeline, which began operation in 2019.

No further details were given in the brief statement, which was posted on CNPC’s website.

Gazprom said on Tuesday it had signed an agreement to start switching payments for gas supplies to China to yuan and roubles instead of dollars.

Gazprom CEO Alexei Miller said allowing for payments in Russian roubles and Chinese yuan was “mutually beneficial” for both Gazprom and Beijing’s state-owned CNPC.

Reporting by Dominique Patton and Reuters


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Vopak Pacific Canada Project Has Reached a Significant Project Milestone
11.29.2022 - NEWS
November 29, 2022 [Tank Store Mag] – The Vopak Pacific Canada project has reached a significant... Read More
MISC, Japanese and Chinese Partners Scoop QatarEnergy LNG Prize
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Latest package of newbuild carriers will be constructed by Hudo... Read More
Port Arthur LNG Project Sanction Expected In Early 2023, Says Sempra
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Texas gas liquefaction facility was granted a 50-month extensio... Read More
JBIC and Woodside Move On New LNG Supply to Japan
11.29.2022 - NEWS
November 29, 2022 [New Atlas] – Australia’s Woodside Energy has teamed up with the Japan Bank... Read More