USD 62.5229

-0.39

EUR 71.2323

-0.37

BRENT 65.08

+0.77

AI-92 42.18

+0.01

AI-95 45.61

-0.01

AI-98 51.08

+0.03

Diesel 46.19

0

841

China to increase gas supplies from Kazakhstan and Russia

ASTANA – China intends to increase natural gas supplies from Kazakhstan and Russia, reported the China News Service citing the Chinese representative of state administration for energy affairs.


Beijing, September 10 - Neftegaz.RU. China intends to increase natural gas supplies from Kazakhstan and Russia, reported the China News Service citing the Chinese representative of state administration for energy affairs.

 

The country plans to encourage diversifying its natural gas imports. «China imported 94.6 billion m3 of natural gas in 2017, both through the Central Asian gas pipeline and the China-Myanmar gas pipeline from Turkmenistan, Uzbekistan and Myanmar,» the official said.

 

He added 22 nations export LNG to China, improving the diversification of supply sources. Russia’s Gazprom and China´s CNPC signed a 30-year agreement in May 2014 regarding gas supplies from Russia to China along the eastern route. The contract outlines an annual supply of 38 billion m3 of gas through the Power of Siberia pipeline. The shipment is to begin Dec. 20, 2019.

 

Russia’s Novatek gas producing company and CNPC are jointly implementing the Yamal LNG project. China has purchased the 2nd instalment.

 

CNPC is one of Kazakhstan’s main partners in oil & gas extraction, transportation and deep processing. The company has been operating in Kazakhstan since 1997 and now has oil & gas assets and equity in the country, while also providing oilfield services.

 

Source : Neftegaz.RU