Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Long-term gas supplies top Russian, Chinese agenda
by Daniel J. Graeber
Moscow (UPI) Aug 26, 2014


disclaimer: image is for illustration purposes only

Russian energy company Gazprom said its top officials met with the Chinese ambassador to Russia to discuss long-term natural gas supplies.

Gazprom Chairman Alexey Miller hosted Ambassador Li Hui in Moscow.

"The parties addressed the progress with and the prospects for strategic cooperation, placing a special emphasis on the Russian pipeline gas supply to China," the Russia company said in a statement Monday.

Gazprom and China National Petroleum Corp. in May signed a 30-year contract calling for 1.3 trillion cubic feet of natural gas per year sent through the so-called Power of Siberia pipeline.

Gazprom said it started working on the infrastructure necessary for the pipeline almost immediately after signing the contract in May. Russian officials said construction on the pipeline should begin next month.

Gazprom has been looking to expand into the growing Asian market in an effort to diversify an asset base tied to a European economy still struggling to grow. Ongoing disputes over gas debt in Ukraine, which transports the bulk of Russian gas supplies to Europe, adds another layer of risk to Gazprom's consumer foundation.

First deliveries from the Power of Siberia pipeline through a contract valued at $400 billion could start as early as 2018.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Pipeline through Mexico to source U.S. natural gas
Mexico City (UPI) Aug 25, 2014
French energy company GDF Suez said Monday it started construction on a natural gas pipeline running through Mexico through a partnership with Pemex. "This investment demonstrates our group's confidence in Mexico's growing economy and our commitment to play an important role as an investor in Mexico's energy future," GDF Suez Chairman and Chief Executive Officer Gerard Mestrallet said i ... read more


OIL AND GAS
Cooking, pollution linked to high blood pressure in China

Tide turns for shark fin in China

Study measures steep coastal costs of China's GDP growth

Earliest evidence of snail-eating found in Spain

OIL AND GAS
Ferroelectric Materials Suffer Unexpected Electric Polarizations

Electrical engineers take major step toward photonic circuits

'Cavity protection effect' helps to conserve quantum information

Could hemp nanosheets topple graphene for making the ideal supercapacitor?

OIL AND GAS
China's BOC orders 82 Boeing planes worth $8.8 billion

Flight Test Preparations Draw on Launch Services Program's Expertise

BAE researches sensor concept for aircraft bodies

Bodies of two pilots found after fighter jets crash in Italy

OIL AND GAS
France's Peugeot gets approval for China plant: report

China fines Japanese auto parts firms $200 mn for monopoly

Uber pulls into mobile dining and travel apps

How fast you drive might reveal where you are going

OIL AND GAS
China's Microsoft probe extends to browser, media player

Standard Chartered fined $300 mn over laundering controls

China and Mongolia target $10bn trade by 2020

Standard Chartered fined $300 mn over laundering controls

OIL AND GAS
World's primary forests on the brink

New analysis links tree height to climate

Loss of Eastern Hemlock Affects Peak Flows after Extreme Storm Events

Girl, 4, survives 11-day ordeal in bear-infested Siberian forest

OIL AND GAS
NOAA analysis reveals significant land cover changes in US coastal regions

New Satellite Data Will Help Farmers Facing Drought

Snow Cover on Arctic Sea Ice Has Thinned 30 to 50 Percent

NASA to Investigate Climate Impacts of Arctic Sea Ice Loss

OIL AND GAS
Introducing the multi-tasking nanoparticle

Electron microscopy enables imaging of gold nanoparticles

New Properties of Rotating Superfluids Discovered in Helium Nanodroplets

Shaping the Future of Nanocrystals




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.