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Pipelines to send gas to China.

Gazprom has signed a memorandum of understanding with the China National Petroleum Corporation (CNPC) to build two gas pipelines that will supply China with 60-80 billion cubic meters of gas per year.

The two companies signed the deal shortly after Russia and China's presidents Vladimir

Putin and Hu Jintao released a statement supporting investment in each other's energy infrastructure. It is hoped that the first pipeline to connect fields in western Siberia with China's West-East pipeline will start pumping 30-40 billion cubic meters a year within five years.

A second pipeline--for which no timetable has been proposed--could connect the Sakhalin fields and possibly TNK-BP's Kovykta project to eastern China. Gazprom has an option to take a 25% stake in Sakhalin Energy, a ShelMed joint venture that is managing the Sakhalin II project to develop the Russian offshore island's gas reserves.

TNK-BP has also offered the Russian gas monopoly complete ownership of the transportation element of its US$ 15-17 billion plan to develop Kovykta--from which it eventually wants to export 30 billion cubic meters of gas per year to China and South Korea.

In addition, make sure to read these articles:

  • Pipeline construction scorecard: projects planned and under construction.
    • Pipeline Construction Scorecard Projects Planned And Under Construction Company Name Project Name Length And/Or Location (Miles) FUTURE PROJECTS: International Gas Pipelines AFRICA: Apache Corporation Qasr ......
  • Pipeline construction scorecard: projects planned and under construction.
    • Pipeline Construction Scorecard Projects Planned And Under Construction Project Name Length Company Name And/Or Location (Miles) FUTURE PROJECTS: Gas Pipelines AFRICA Apache Corporation Qasr Field, ......
  • Japanese reach three deals for Sakhalin-II LNG.
    • Two landmark deals tying into Sakhalin-II are harbingers of a gradual but significant change in Japan's long-term LNG strategy. Three utilities signed the first contracts ......
  • CB&I Wins EPC Contract for Sakhalin II LNG Storage.
    • Business Editors THE WOODLANDS, Texas--(BUSINESS WIRE)--June 23, 2003 CB&I (NYSE:CBI) announced that its subsidiary companies, CB&I Europe B.V. and CMP Holdings B.V., have been awarded ......
  • Drilling, Downed
    • HEADNOTE CASE ANALYSIS Investors of the Sakhalin II project to supply liquefied natural gas to Asian markets have been blindsided by dramatic cost and schedule ......
  • Sakhalin-II Partners May Seek New Deal.
    • Shell and its partners in the $22 bn Sakhalin-II oil and gas venture may seek to agree with Russia on a new accord, clearing the ......
  • RUSSIA - Polar Lights Joint Venture.
    • A 50-50 venture of Conoco (operator) and Arkhangelskgeoldobycha (AGD), Polar Lights (PL) is the first JV involving a foreign company in Russia. Formed in December ......
  • RUSSIA - Profile - Ivan Pavlovich Malakhov.
    • The Governor of the far eastern island of Sakhalin, Malakhov is a very active figure who has succeeded the long-serving Igor P. Farkhutdinov. The latter ......
  • RUSSIA - Focus On Asia.
    • In 2002 the Kremlin appointed Gazprom as co-ordinator of east Siberian gas E&P and export projects. By implication, apparently, this includes the Sakhalin island and ......
  • RUSSIA - Igor P. Farkhutdinov.
    • The governor of the far eastern island of Sakhalin, Farkhutdinov in mid-2002 secured Moscow's approval of the $8.6 bn Shell-led Sakhalin Energy Investment Co. (Sakhalin-II) ......
  • RUSSIA - Focus On Asia.
    • In 2002 the Kremlin appointed Gazprom as co-ordinator of east Siberian gas E&P and export projects. By implication this includes the Sakhalin island and its ......
  • Six LNG carriers on line for Sakhalin II Project.
    • Nippon Yusen Kaisha (NYK) has concluded a long-term charter agreement with Sakhalin Energy Investment Company Ltd. for use of two newly built LNG carriers in ......
  • Russian Company wins Sakhalin II contract.
    • Sakhalin Energy Investment Company Ltd. has awarded a contract valued at about $US19 million to ZAO Iskra-Energetika of Perm, Russia for the Booster Station 2 ......
  • RUSSIA - Kyrill Androsov.
    • Deputy Minister of Economic Development and Trade Androsov was on Sept. 6, 2006, reported by Russian news agency RIA Novosti as saying Russia will not ......
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