Kazakhstan-China gas pipeline capacity to be increased
Kazakhstan, Astana, May 30 / Trend, D. Mukhtarov /
Kazakhstan and China will increase the power of the first section of the main gas pipeline between the two countries through the construction of additional threads. The Minister of Oil and Gas of Kazakhstan has submitted the draft law "On the ratification of the Protocol on Amendments to the Agreement between the Government of Kazakhstan and the Government of China on cooperation in the construction and operation of the Kazakhstan-China gas pipeline from August 18, 2007" to the Majilis (lower chamber of parliament).
"The bill would increase the power of the first section of the Kazakhstan-China main gas pipeline (threads A and B ) by building a thread C and will transport additional 25 billion cubic meters of gas a year," Mynbaev said.
The cost of the project, according to him, amounts to $5.45 billion. A loan in the amount of $ 4.7 billion is provided by the China Development Bank for the construction. The missing part of the funding will be covered at the own expense of the Asian Gas Pipeline LLP.
"Over 53 billion cubic meters of gas have already been transported to China through threads A and B of the gas pipeline. Direct contributions to the budget of Kazakhstan amounted to $1 billion in 2008-2012," Mynbaev said.