Russian gas giant Gazprom and Chinese oil and gas group CNPC have signed Heads of Agreement (HoA) for pipeline gas supply from Russia to China via the "western route": gas will be exported from Western Siberia's fields in Russia to China, via a proposed new gas interconnection. The project will not affect the proposed "eastern route", on which the intergovernmental agreement is already ratified: the "Power of Siberia" gas pipeline project will link the Irkutsk and Yakutia gas production centers to the Russian Far East and China. A Sale and Purchase Agreement on the eastern route was signed in May 2014 for annual deliveries of 38 bcm over a 30-year period.
The HoA was part of a series of agreements between the two countries. Gazprom and CNPC also signed another Agreement of Strategic Cooperation on their cooperation in the gas sector, as the previous 10-year Agreement expired in 2014. In addition, China Three Gorges Power Corporation (CTGPC) and RusHydro decided to jointly develop a 320 MW hydropower plant on the Bureya river in eastern Russia. The Nizhne-Bureyskaya project would export power to China. In November 2014, the two companies had signed a preliminary agreement for the establishment of a joint venture (51% RusHydro, 49% CTGPC) for financing, building and operating four hydropower plants with a capacity of up to 2,000 MW in Russia’s Amur Oblast and Khabarovskiy Kray: Nizhne-Zeyskaya (400 MW), Selemdzhinskaya (300 MW), Giluyskaya (462 MW) and Nizhne-Nimanskaya (600 MW) hydropower plants.
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