Gazprom, CNPC discuss gas transits

SHANGHAI, Nov. 3 (UPI) -- Gazprom deputy chief Alexander Medvedev led a delegation to Shanghai to participate in natural gas discussions with the China National Petroleum Corp.

Gazprom and CNPC signed a strategic cooperation agreement in 2004 on a variety of joint ventures related to Russian gas deliveries to China.

Medvedev met with CNPC Vice President Wang Dongjin to discuss forming a working group to address establishing gas chemical facilities in the Far East, the Russian energy giant said.

Gazprom said negotiations included other issues ranging from the price to the volume and route of natural gas transits from Russia.

Both companies considered the opportunity to establish joint gas processing and gas chemical projects in Eastern Russia and other sites.

Gazprom and CNPC announced plans to discuss additional joint projects at meetings scheduled for the end of the year.