MOSCOW, Sept 2 (Reuters) - Russia's Gazprom
and China National Petroleum Corporation signed an agreement to
increase annual gas supplies to China via the Power of Siberia
pipeline as well as via the Far Eastern Route, Russia's RIA
agency reported on Tuesday.
Reuters reported last month that China was seeking to buy
more Russian gas through an existing pipeline as talks between
the two countries have failed to make progress on building a
second link.
The agreements were signed during Russian President Vladimir
Putin's visit to China where he is due to attend a military
parade on Tiananmen Square on Wednesday marking the end of World
War Two after Japan's formal surrender.
RIA, citing Gazprom's CEO Alexei Miller, said that Gazprom
and CNPC have agreed to increase supplies to 44 billion cubic
metres (bcm) a year from 38 bcm a year.
Additionally, the two have agreed to increase gas supplies
via the Far Eastern route to 12 bcm from the 10 bcm.
Miller also said that a legally binding memorandum has been
signed for the construction of the Power of Siberia 2 pipeline
to China and the Soyuz Vostok transit gas pipeline through
Mongolia.
"Gazprom and CNPC also signed today a new memorandum on
strategic cooperation, which reflects a new stage in our work
with CNPC on new projects," Miller said.