China's CNPC signs gas agreement with Russia's Gazprom

By MG News | September 07, 2022 at 09:38 AM GMT+05:00

0:00

September 07, 2022: China National Petroleum Corporation (CNPC), parent of PetroChina, said on Wednesday it had signed an agreement with Russia's Gazprom 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.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	132,662.11 133.30M	-0.56% -741.08
ALLSHR	83,030.43 764.09M	-0.19% -157.63
KSE30	40,381.42 47.15M	-0.66% -270.03
KMI30	190,812.64 55.00M	-0.66% -1271.28
KMIALLSHR	55,734.40 385.78M	-0.20% -113.30
BKTi	36,222.77 8.36M	-0.55% -200.11
OGTi	28,291.20 9.19M	-0.51% -146.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,975.00	109,545.00 108,625.00	-240.00 -0.22%
BRENT CRUDE	70.45	70.71 69.85	0.30 0.43%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.45 1.51%
ROTTERDAM COAL MONTHLY	109.00	109.00 109.00	1.90 1.77%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.67	68.94 67.78	0.34 0.50%
SUGAR #11 WORLD	16.39	16.39 16.08	0.26 1.61%