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ENERGY TECH
OMV, Gazprom sign MOU on South Stream
by Daniel J. Graeber
Moscow (UPI) Apr 30, 2013


Gazprom woos Chinese counterparts for natural gas
Moscow (UPI) Apr 30, 2013 - Russian energy company Gazprom said it hosted a Chinese delegation to discuss contracts for a pipeline to feed growing Asian demands.

Gazprom Chairman Alexei Miller met in Moscow with Zhou Jiping, his counterpart at the China National Petroleum Corp., to discuss China's natural gas needs.

"The parties addressed the state of the contract for pipeline gas supply from Russia to China via the eastern route," Gazprom said in a statement Tuesday. "It was pointed out that preparations were well underway and nearing completion. Gazprom and CNPC are getting ready to sign the contract in May as was initially planned."

Before the conflict over Ukraine erupted in November, Gazprom had said it was interested in tapping into Asian markets where natural gas needs are growing.

Tuesday's meeting in Moscow was the second meeting in April between the two chairmen.

A 2009 framework agreement between Gazprom and CNPC calls for up to 2.4 trillion cubic feet worth of natural gas exports per year. Both sides in September signed an agreement outlining the conditions for Russian gas supplies to China.

Austrian energy company OMV said it signed an agreement with Russia's Gazprom to move forward with the Austrian section of the South Stream gas pipeline.

OMV Chairman Gerhard Roiss met in Moscow with his Gazprom counterpart, Alexei Miller, to discuss implementation of a gas pipeline the Russian company said will offer the European energy sector an alternative source of natural gas.

"The need for construction and the benefits of South Stream Project for Europe are patent," Miller said in a statement.

The memorandum of understanding between OMV and Gazprom relates to the construction of the pipeline through Austrian territory with a terminal point set for Baumgarten. OMV said all permits will be ready by the end of 2015 and full commissioning of the Austria section is scheduled for 2018.

"This is an important step to significantly increase Austria's security of gas supply and will further strengthen Baumgarten's role as key hub for gas in Central and Eastern Europe," Roiss said.

Ukraine hosts the bulk of Russia's gas bound for Europe and ongoing geopolitical tensions in the region have added a layer of risk to European energy security. European leaders have said they're reluctant to embrace South Stream because it would secure Russia's tight control over the region's gas.

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