Russia's Gazprom Signs Second Gas-Supply Agreement with China National Petroleum Corp.
04 February 2022 - 9:42PM
Dow Jones News
By Sabela Ojea
Gazprom PJSC said Friday that it has signed a sales and purchase
agreement for the supply of natural gas with China National
Petroleum Corp.
The oil-and-gas company, which is majority owned by the Russian
government, said natural gas will be supplied via the Far Eastern
route.
The London-listed company said the amount of Russian pipeline
gas supplies to China will grow by 10 billion cubic meters,
totaling 48 billion cubic meters a year, once the project reaches
its full capacity.
"This is already a second contract to be signed for Russian gas
supplies to China," Chairman Alexey Miller said, referring to the
contract signed in 2014 with CNPC for 38 billion cubic meters of
gas a year.
The ceremony marking the start of the first-ever pipeline
supplies to China took place in December 2019, Gazprom said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 04, 2022 05:27 ET (10:27 GMT)
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