05/10/2017
Press release: Gazprom, CNPC, and KazMunayGas sign Memorandum of Understanding
Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Huang Weihe, Vice President of PetroChina (under a power of attorney on behalf of CNPC), and Daniyar Berlibayev, Executive Vice President for Transportation, Processing and Marketing of KazMunayGas, today signed a Memorandum of Understanding at the 7th St. Petersburg International Gas Forum.
The document reflects the interest of the parties in long-term strategic cooperation in the NGV market, including via developing the natural gas filling infrastructure at the Europe – China international transport corridor.
The Memorandum provides for, inter alia, an assessment of the potential number of gas-powered cargo vehicles and the amount of natural gas that could be used for refueling vehicles at the Russian, Kazakh and Chinese sections of the route in the period up to 2030.
The results of the assessment will serve as the basis for the drawing up of the tripartite Roadmap for the development of the natural gas filling network along the Europe – China international transport route.
Background
The 7th St. Petersburg International Gas Forum is being held as part of the Energy Efficiency and Energy Development International Forum 'Russian Energy Week.'
CNPC, a state-owned oil and gas major, is Gazprom’s main partner in China and one of the largest integrated energy companies in the world.
PetroChina is the largest Chinese company engaged in oil and gas production and marketing. The majority stake of PetroChina is owned by CNPC.
KazMunayGas National Company is a Kazakhstani operator for exploration, production, processing and transportation of hydrocarbons, representing the government in the domestic oil and gas sector.
On November 7, 2016, Gazprom and CNPC signed the Memorandum to explore the opportunities for cooperation in the NGV sector.
On May 15, 2017, Gazprom, CNPC, Avtodor, and China Communications Construction Company inked a Memorandum of Cooperation for the purposes of developing the Europe – China international transport route. The document is aimed at fostering cooperation between the companies in developing the route’s road infrastructure and promoting the use of liquefied natural gas as a vehicle fuel along the said route.
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