https://sputnikglobe.com/20220906/gazprom-cnpc-sign-agreements-to-switch-payments-for-gas-supplies-to-china-to-rubles-yuan-1100443223.html
Gazprom, CNPC Sign Agreements to Switch Payments for Gas Supplies to China to Rubles, Yuan
Gazprom, CNPC Sign Agreements to Switch Payments for Gas Supplies to China to Rubles, Yuan
Sputnik International
MOSCOW (Sputnik) - Russia's Gazprom and China's CNPC have signed agreements to switch payments for gas supplies to China to rubles and yuan, Gazprom said on... 06.09.2022, Sputnik International
2022-09-06T13:20+0000
2022-09-06T13:20+0000
2022-09-06T13:20+0000
world
china national petroleum corporation (cnpc)
gazprom
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"[Gazprom CEO] Alexey Miller and Chairman of CNPC Board of Directors Dai Houliang considered a wide range of areas of interaction between the companies," the company said on Telegram. "Additional agreements were signed to a long-term gas purchase and sale agreement along the 'eastern' route — the Power of Siberia gas pipeline. In particular, a transition to settlements for gas supplies to China was fixed in the national currencies of the countries — rubles and yuan.""The new payment mechanism is a mutually beneficial, timely, reliable and practical solution. I believe that it will simplify the calculations, become an excellent example for other companies, and give an additional impetus to the development of our economies." Miller said.Gazprom signed a second long-term contract with CNPC in early February 2022 - for export via the Far Eastern route. The total volume of supplies according to it will grow to 48 billion cubic meters annually.
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china national petroleum corporation (cnpc), gazprom
china national petroleum corporation (cnpc), gazprom
Gazprom, CNPC Sign Agreements to Switch Payments for Gas Supplies to China to Rubles, Yuan
MOSCOW (Sputnik) - Russia's Gazprom and China's CNPC have signed agreements to switch payments for gas supplies to China to rubles and yuan, Gazprom said on Tuesday.
"[Gazprom CEO] Alexey Miller and Chairman of CNPC Board of Directors Dai Houliang considered a wide range of areas of interaction between the companies," the company said on Telegram. "Additional agreements were signed to a long-term gas purchase and sale agreement along the 'eastern' route — the Power of Siberia gas pipeline. In particular, a transition to settlements for gas supplies to China was fixed in the national currencies of the countries — rubles and yuan."
"The new payment mechanism is a mutually beneficial, timely, reliable and practical solution. I believe that it will simplify the calculations, become an excellent example for other companies, and give an additional impetus to the development of our economies." Miller said.
Gazprom signed a second long-term contract with CNPC in early February 2022 - for export via the Far Eastern route. The total volume of supplies according to it will grow to 48 billion cubic meters annually.
