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China expects Russia to supply 100 bcm gas annually — CNPC

China's CNPC is still interested in participating in hydrocarbons production projects in Russia

YUZHNO-SAKHALINSK, September 30. /TASS/. China National Petroleum Corporation (CNPC) expects the volume of gas supplies from Russia to China to reach 100 bln cubic meters, CNPC Deputy Director General at Policy Research Office Wang Zhen told journalists Wednesday.

"Future deliveries volume could reach up to 100 bln cubic meters per year," he said.

According to the memorandum of understanding in cooperation in the field of natural gas signed on June 24, 2009, by Gazprom and CNPC, Russian gas will be delivered to China by two directions - western and eastern.

The eastern route involves the development of new fields in Eastern Siberia, firstly Chayanda field and Kovykta gas field. Power of Siberia gas pipeline is going to be built starting from these fields, which later will be connected with the gas pipeline Sakhalin - Khabarovsk - Vladivostok. Branch pipe to China will be built in near·· Blagoveshchensk

The western route includes the delivery of 30 bln cubic meters through the pipeline from the Yamal-Nenets Autonomous District through the Altai region to the northwest of China for 30 years.

On September 3 Gazprom and CNPC have signed a Memorandum of Understanding on natural gas supplies from Russia to China through the pipeline from the Far East. According to various estimates, its capacity could be from 25 to 38 bln cubic meters per year.

China interested in hydrocarbons production projects in Russia

According to the company official, CNPC is still interested in participating in hydrocarbons production projects in Russia.

"We are interested in projects in production of hydrocarbons in Russia," he said.

TASS wrote earlier, on November 9, 2014 Rosneft and the China National Oil & Gas Exploration and Development Corporation (a part of CNPC) during the Asia-Pacific summit signed a framework agreement, under which the Chinese company buys a 10% share in Vankorneft.

CNPC also has negotiated with Rosneft a deal to buy a share in the Taas-Yuryakh project.