CNPC and Novatek discuss Yamal project

The Chairman of CNPC, Zhou Jiping, has met with Gennady Timchenko, Non-executive Director of Novatek, in Beijing, China to exchange views on issues relevant to the EPC, project management, LNG purchase and sale, and financing of the Yamal project.

A press release on CNPC’s website states that both Jiping and Timchenko expressed a desire to step up efforts in accomplishing the project as scheduled.

Earlier this month, Jiping met with the Chairman of Gazprom Management Committee, Alexey Miller. They spoke highly of the significance of the Eastern Route of the Russia-China Gas Pipeline for energy cooperation between the two countries. A consensus has been reached in the technical terms between CNPC and Gazprom, while the business negotiation is ongoing. The two Chairmen also expressed their wish to see the signing of a gas purchase and sales contract via the Eastern Route before long.

CNPC Vice President Wang Dongjin, PetroChina Vice President Huang Weihe, and CNPC Deputy Chief Economist Wang Lihua were also present at the meetings.

Adapted from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquefaction/11042014/cnpc_and_novatek_discuss_yamal_project_419/