Gazprom plans to resume talks with China on gas, LNG supplies

Russian energy giant Gazprom is due to resume negotiations with China on gas supplies via western route and also deliveries of liquefied natural gas (LNG), Gazprom Vice Chairman Alexander Medvedev told journalists Wednesday.

“We do not dismiss the possibility of LNG supplies to China despite the signing of the contract on pipeline gas,” he said at a briefing adding that this concerns supplies from the Vladivostok-LNG and Sakhalin-2 projects in Russia’s Far East.

Gazprom expects to receive prepayment from China National Petroleum
Corporation (CNPC) before the supplies begin. The gas supplies are expected to start in four years or in six years, depending on the readiness of the Chinese infrastructure.

Copyright, Turkish Weekly, 2014.