Gazprom joins Asian companies to encourage natural gas market

Alexey Miller, Chairman of the Gazprom Management Committee, and XuWenrong, Vice President of state-owned CNPC (China National Petroleum Corporation), signed a memorandum to explore the opportunities for cooperation in the NGV sector. Both companies agreed to conduct a joint marketing study regarding the possibility of using LNG as a vehicle fuel along the Europe – China international transport route.

In addition, Miller and ZhengZhijie, President of China Development Bank Corporation, signed a Memorandum of Understanding. The document outlines the general principles of cooperation between the parties in arranging project or any other financing, including for the Amur GPP (Gas Processing Plant) construction project.

“Russian-Chinese cooperation in the gas sector continues to expand and the dynamic is encouraging. Today, we signed important documents for bilateral partnership in a whole range of areas. The agreements mark an important stage in the evolving relationship between Gazprom and Chinese companies as part of joint energy projects,” said Miller.

Moreover, a working meeting between Miller and Masami Iijima, Representative Director and Chairman of the Board of Directors of Japan-based Mitsui & Co., Ltd., took place at the Gazprom headquarters. The parties addressed partnership prospects in the LNG sector, focusing on, among other things, joint efforts in expanding the Sakhalin II project through constructing the third train of the LNG plant.

Particular attention was paid to the implementation of the Memorandum of Understanding on LNG bunkering studies. Pursuant to the document, the companies will conduct feasibility and marketing studies with regard to the bunkering of marine vessels with LNG in Russia’s Far East and the Asia-Pacific region.

https://www.ngvjournal.com/gazprom-joins-asian-companies-to-strengthen-natural-gas-market/