The sides have also discussed prospects for Russian natural gas deliveries to the Chinese market, joint projects for the development of gas transportation and gas distribution systems in China and other areas of cooperation.
China's leading state-run (100%) and the world's major oil-and-gas extractor, the CNODC was set up in 1998 on the basis of the oil industry ministry. It incorporates companies dealing with oil-and-gas prospecting, extraction, transportation and storage as well as with oil processing, petrochemicals and research.
Amounting now to two percent in the Chinese fuel balance, the gas share will increase in the next five years to ten percent to be used for the amenities in the city economy, as industrial fuel and a raw material for the chemicals industry as well as to generate electricity.
