Final approval from the National Development and Reform Commission, the country’s top economic planner, is still pending, Su Shifeng, the chief consultant at China National Petroleum Corp’s pipeline unit, told reporters in Beijing today. The natural-gas link will have an annual capacity of between 20 billion and 30 billion cubic meters, Su said.
The state oil company may also commence preliminary work on a gas link between China and Myanmar in the fourth quarter, Su said. The pipeline spanning thousands of kilometers will be connected to the second West-East link, which will also draw fuel from Turkmenistan, PetroChina’s Cui said in November.
The two countries are still in talks on a cross-border crude oil pipeline, Su said, without elaborating.
China National will speed up construction of pipelines of “strategic importance,” Su said. “Non-core projects” such as gas storage tanks will be delayed because of the global financial crisis, he said.
Source: Bloomberg
Author: Ksenia Kochneva
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