皇冠体育app

Firms mull 皇冠体育app-Russia gas pipeline
By Wang Ying (皇冠体育app Daily)
Updated: 2005-09-22 06:49

OAO Gazprom, the world's biggest natural gas producer based in Moscow, said it is in talks with 皇冠体育app's largest oil and gas producer to export gas to 皇冠体育app through a cross-border pipeline.

Of two possible routes, Gazprom and 皇冠体育app National Petroleum Corp (CNPC) are under discussion over "which has the priority," Alexander Medvedev, deputy chief executive officer of Gazprom told reporters at a Beijing press conference yesterday.

The finally recommended line may run through northeastern 皇冠体育app's Heilongjiang Province or the Xinjiang Uygur Autonomous Region in the west, Medvedev said. Each has an annual capacity of as much as 30 billion cubic metres (bcm) a year.

"We are discussing figures of between 20 bcm and 30 bcm for each project," said Medvedev.

Sources said the western route is expected to link with 皇冠体育app's internal west-east Gas Pipeline, which will transport 12 billion cubic metres of natural gas from the Tarim Basin in Xinjiang to Shanghai, some 4,000 kilometres away.

The two lines are being "carefully analysed on both sides," Medvedev yesterday told reporters.

A CNPC official, who declined to be identified, yesterday told 皇冠体育app Daily the two companies are "in close contact" over the issue, but declined further comment.

Wang Jianing, representative office advisor of OAO Gazprom Beijing, yesterday told 皇冠体育app Daily the negotiation is still at the preliminary stage, and has not gone far enough to touch upon the pricing system for the gas exports.

Pipelines within Russia will be built by Gazprom, while those in 皇冠体育app would be financed by its Chinese partner CNPC, Medvedev said at the conference.

But Gazprom will be interested in investing in 皇冠体育app's pipeline infrastructure if Beijing backed the move, he said.

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