Gazprom may consider alternative to Vladivostok LNG project

At a meeting with the Wang Yilin, Chairman of the CNOOC Board of Directors, Gazprom Chairman Alexey Miller explained the possibility of an alternative to the Vladivostok LNG project.

The meeting considered the outlooks for LNG supply to China from Gazprom’s portfolio.

Miller explained: “The talks in China were held in the atmosphere of warmth, friendliness and confidence. Their results are highly important. At the meetings we outlined the new levels for interaction in the gas sector, with regard to supply volumes, long-term cooperation and new business segments.

“The top priority of the current talks is the western route. The supply contract for 30 billion m³/year of gas is being prepared. The Altai project is fully ready to initiate the construction. Later on, the second and third gas pipeline strings might be constructed to reach the potential output of up to 100 billion m³/year.

“The new areas of cooperation include joint projects in Russian and Chinese offshore oil fields, power generation projects in China as well as joint activities in third countries. Gazprom is ready to consider the possibility of pipeline gas export to China as an alternative to the Vladivostok LNG project.”

Alexey Miller also met with Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC). The participants addressed the project for Russian gas supply to China via the eastern route and discussed the further negotiation schedule to sign a contract for Russian gas supply to China via the western route.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13102014/gazprom-may-shelve-vladivostok-lng-project-1586/