Gazprom, a Russian gas holding, and CNPC, China’s largest oil and gas producer and supplier, signed a contract to carry out surveys for setting up underground gas storage facilities in China.
The storage facilities will be within the Shenzhen 2–1 gas deposit in Heilongjiang province, Bitsui water bearing sands and Chuzhou salt caverns in the Jiangsu province, Gazprom said in a statement.
Gazprom chairman Alexey Miller, and CNPC chairman Wang Yilin signed the contract for pre-development surveys following February’s agreement to conduct geotechnical surveys.
The Langfang branch of the PetroChina Research Institute of Petroleum Exploration and Development acts as the customer for the pre-development surveys. The contractor for the first two contracts is Gazprom VNIIGAZ, while Gazprom Geotechnology acts as the contractor for the third contract. The Russian companies will then develop key technological solutions for creating and operating gas storage facilities.
Separately, a gas pipeline project from Russia to China, Power of Siberia, is on schedule, the statement said. A temporary two-way checkpoint became operational on the Russian-Chinese border last week for the construction of the Power of Siberia gas pipeline’s crossing under the Amur River.