Contract on Uzbek gas supply to China signed (UPDATE)

Contract on Uzbek gas supply to China signed (UPDATE)

The details were added (the first version was posted at 13:41)

Uzbekistan, Tashkent, Dec. 19 / Trend D. Azizov /

Uztransgaz, a division of the Uzbekneftegaz National Holding Company which controls the movement of gas transportation and supply in Uzbekistan and the PetroChina International Company, a division of the China National Petroleum Corporation (CNPC) signed a contract to supply Uzbek gas to China, a holding company spokesperson said. According to the press service, the export contract was signed in October this year and kept under wraps.

The contract was signed on the basis of an intergovernmental agreement on the principles of construction and operation of the Uzbekistan-China gas pipeline and the agreement of the basic conditions of the contract of purchase and sale of natural gas between Uzbekneftegaz and CNPC, signed this year.

The press office did not report either the term or volume of natural gas supplies envisaged by the export contract.

According to independent sources, gas supplies from Uzbekistan to China were to begin in 2012. Initially, natural gas from Uzbekistan will be supplied through the second branch of the gas pipeline. After the third branch is constructed, the technical possibilities for the export of Uzbek gas will significantly increase.

In accordance with the framework of the agreement, China plans to buy 10 billion cubic metres of natural gas in Uzbekistan annually.

It was previously reported that the construction of the site of the third branch of the gas pipeline, Central Asia - China in Uzbekistan was launched last Thursday.

The design capacity of the third branch line is 25 billion cubic metres of gas a year.

Gas deliveries are expected to begin through the third branch line in January 2014 reaching the planned capacity in December 2015.

The project will be financed by loans from the Chinese State Development Bank, as well as direct investments from the China National Petroleum Corporation (CNPC).

The first of the two branches was commissioned in Dec. 2009. The construction of the second branch was completed in 2010.

The gas pipeline is intended for export of natural gas from Turkmenistan, Kazakhstan and Uzbekistan to China.

Operator of the project on the Uzbek site is the Uzbek-Chinese joint venture Asia Trans Gas a creation of the National Holding Company Uzbekneftegaz and CNPC.

Uzbekneftegaz is a monopoly operator in the Uzbek oil and gas complex. It was established in 1998. It unites six joint stock companies. Uzbekistan ranks second in the CIS for natural gas production.

Armenia violates ceasefire with Azerbaijan 69 times
Armenia violates ceasefire with Azerbaijan 69 times
Parliament speaker: Azerbaijani people to never allow creation of second Armenian state on their territory (PHOTO)
Parliament speaker: Azerbaijani people to never allow creation of second Armenian state on their territory (PHOTO)
Speaker of Azerbaijani Parliament: Armenian PM's statements undermine international efforts for peaceful settlement of Karabakh conflict
Speaker of Azerbaijani Parliament: Armenian PM's statements undermine international efforts for peaceful settlement of Karabakh conflict
Loading Bars
Latest
Net profits of Georgian commercial banks increase
Azerbaijani FM meets with deputy chairman of Georgian parliament (PHOTO)
Azerbaijani Air Forces conduct combat-training flights (PHOTO/VIDEO)
Timeframe for iron ore exploration in Azerbaijan's Dashkasan revealed
Azerbaijani Ministry of Finance to place state short-term bonds
Georgian Kula company doubles production of dried fruits
Georgia's exports of fruits, nuts soar
Georgia reveals volume of fertilizers exported to Azerbaijan
Azerbaijani minister: Dashkesan iron ore deposit promises great prospects
Azerbaijan plans to export agricultural products to Arab countries soon
Asian Development Bank discloses amount of funds allocated to Azerbaijan
Kazakhstan continues importing more grain, legumes from Turkey
Azerbaijan's State Customs Committee to launch new services for foreign trade participants
Uzbekistan expanding geography of natural uranium exports
Number of migrant workers from Turkey in Georgia edges up
Kazakh political analyst: Azerbaijan - plays important role in Turkic-speaking world
Russia reports over 6,500 new coronavirus cases
Azerbaijan increases import of cars from Georgia
Kazakh import of steel from Turkey down amid COVID-19 global pandemic
Azerbaijani State Customs Committee presents new e-commerce project
Iran provides funding for industrial, mineral projects
Georgia sees increase in export of blueberries
Georgia reveals volume of hazelnuts exported to Azerbaijan
Fitch forecasts moderate dividends from Kazakhstan's KazMunayGas' equity affiliates
Turkmenistan’s Turkmennebit to buy electrical equipment via tender
Diesel imports increases in Georgia
Financing for Uzbek solar power plant construction approved
Azerbaijan's MFA comments on provocative activities of Pashinyan
External debt up in Uzbekistan
Turkmenistan receives Russia's test system for revealing COVID-19
Azerbaijan's Bank BTB kicks off cooperation with Universal Payment Transfer system
The 7th International womEncourage virtual meeting launched with Gold Sponsorship and Digital Partnership of Azercell
Kazakhstan's oil extracting company opens tender to buy accumulators
Cotton harvesting starts in Azerbaijan's Beylagan district
Most popular goods imported to Uzbekistan revealed
Cargo traffic via Turkish Erzurum Airport decreases
Iran to tackle tax evasion
France reports over 1,000 people in ICU due to coronavirus
Azerbaijan, Turkey, Kazakhstan - key players in Turkic-speaking alliance
Iran looks to launch new freeway from Tehran to Karaj
CNG based vehicles could reduce fuel prices in Iran
United to provide COVID-19 tests to customers on San Francisco-Hawaii flights
CSTO resources cannot be used in territorial conflicts - Kazakh expert
Kazakhstan. Spain trade down twofold amid COVID-19
Shekel loses sharply on new lockdown restrictions
Iran hotel construction surges by 70 percent over 7 years
Signs COVID cases rising in Sweden again 'worrying' says PM Lofven
Iran`s Rouhani attends inauguration of several projects via video conference
Azerbaijani minister: Issuance of AzerGold's bonds - one of crucial events in 2020 for capital market (PHOTO)
Foreign Ministry discloses details of meeting of Azerbaijani, Georgian FMs (PHOTO)
Number of Kazakh cizitens sent back from Baku port during COVID-19 revealed
Azerbaijan reveals 133 more COVID-19 recoveries
Azerbaijan expands trade relations with Turkey, Russia during quarantine
Russia increases volume of livestock exports to Turkmenistan
Contract on methanol production in Iran signed
PM: Georgia still remains green state status and safe destination for tourists
LUKOIL-Azerbaijan opens tender on repair work
Bahar Azadi gold coin price still rising in Iran
Death toll from coronavirus pandemic exceeds 25,000 in Iran
Central Bank of Azerbaijan discloses amount of foreign currency bought by local banks
Construction of new oil refinery in Iran starts
Major repairs of Dovletabat-Deryalyk gas pipeline underway in Turkmenistan
Harley books $75 million in fresh restructuring costs, discontinues India operations
President Ilham Aliyev: There is a very high-level partnership between the European Union and Azerbaijan
Baku Stock Exchange holds meeting on issuance of AzerGold's bonds (PHOTO)
Azerbaijan’s Baku International Sea Trade Port discloses total cargo turnover this year
Iran discloses its exports via Jolfa customs
Azerbaijani expert in tourism sector talks about discounts on air tickets
Iran, Malaysia hold talks on preferential trade
FM: Azerbaijan's support for Georgia's position at UN General Assembly essential for us
Mikhail Barkan: Azerbaijan - one of most tolerant countries in world
LafargeHolcim Signs Net Zero Pledge with Science-Based Targets
Turkmen Akymly-Ugur service company announces production volumes
Turkmen service company plans to expand its export geography
Geostat reveals volume of vegetables exported by Georgia to Azerbaijan
SOFAZ expects no changes in its foreign currency portfolio
Azerbaijan unveils amount of loans issued to farmers
Range of products made in Azerbaijan's Nakhchivan expanding
Uzbekistan eyes to integrate into global economic, transport and transit corridors
Azerbaijani FM meets with Georgian counterpart (PHOTO)
Construction of large grain warehouse in Iran to be completed soon
Precious metal prices in Azerbaijan drop
Georgia reduces imports of electricity from Azerbaijan
Iran-Najaf flights resume for special passengers
Armenian intelligence network exposed - SOCIAL NETWORKS - PHOTO FACTS
UAE, Israel discuss energy, infrastructure cooperation
Iran declares trade turnover with EU member states
German industry's export expectations up significantly
EAEU countries increase fruit exports to Turkmenistan
Azerbaijani oil prices show climb
Pakistani Ambassador: Azerbaijan ably steered NAM in difficult times, provided leadership for developing countries
46-year-old enters Baku Higher Oil School
Moscow-Baku flights resumed (PHOTO)
Georgia reports 259 new COVID-19 cases
Uzbekistan increases cement production
Uzbekistan leads in foreign direct investment sector
Volume of currency sold at NIMA exchange rate in Iran climbs
Overhaul of Azerbaijani ‘Rasul Rza' dry-cargo ship completed (PHOTO)
Azerbaijani Cabinet of Ministers discusses budget-related issues (PHOTO)
Georgia increases import of tea from Azerbaijan
All news