Rosneft Meets CNPC to Expand Partnership

Russia keeps holding talks with China, seeking for an expansion of their partnership. On Wednesday, Rosneft’s Igor Sechin met the Director of China’s National Energy Administration to speak about cooperation with China National Petroleum Corporation (CNPC) and Sinopec.

‘In negotiations the parties considered the progress in the implementation of Rosneft projects with such Chinese partners as CNPC and Sinopec. The parties noted satisfaction with the cooperation, specifying mutual aspiration for development and expansion of their partnership,’ reads the note released by Rosneft. 

Recently, Gazprom’s Alexey Miller met the Chairman of CNPC to step up the existing cooperation in view of a gas contract to be signed in May. 

As suggested by several analysts, Moscow is looking east to find a feasible alternative to gas supplies to Europe. In this context, it comes as no surprise that Sechin called authorities in China, Japan, South Korea and Vietnam.