Gazprom Working on Gas Supplies to China, Asia-Pacific
Gazprom has said that fresh impetus has been given to the negotiations with China within the frameworks of the APEC Summit in Vladivostok regarding the issue of pipeline gas supplies to China and other Asia-Pacific countries.
At present, 68 billion cubic meters of gas supplies are being discussed with China, 10 billion cubic meters with South Korea and negotiations are ongoing with Japan, the company said. Meanwhile, Sakhalin LNG is being exported to the Asia-Pacific countries, it added.
As a result of creating a new Russian gas export center within the Eastern Gas Program, gas supplies from Russia to the Asia-Pacific countries can compare with the Russian gas export to Europe or even exceed it.
In October 2009 Gazprom and CNPC inked the Framework Agreement on major terms and conditions for natural gas supply from Russia to China. In December 2009 the Basic Major Terms of Gas Supply from Russia to China were signed.