Kazakhstan proposes gas project to Turkmenistan

Oil&Gas Materials 26 May 2018 11:36 (UTC +04:00)

Ashgabat, Turkmenistan, May 26

By Huseyn Hasanov - Trend:

A new investment project aimed at increasing the export of Turkmen natural gas has been proposed by the Kazakhstan consulting company KDA International, the Turkmengas State Concern said.

Three options of the pipeline route capable of providing 10 billion cubic meters per year of Turkmen gas to Kazakhstan and 50 billion cubic meters per year to China have been developed in the project.

"It is not just an idea, it is a concept which has already been discussed with all parties," said the Chairman of the Board of Directors of KDA International Company Kanat Ryskanul.

He said China, Kazakhstan, Uzbekistan and Turkmenistan can be involved in the project. It was also noted that, there are already potential investors, and there are also buyers who are ready to buy this huge amount of gas. Work on the project has been going on for three years.

"It is not the most easily implementable project, as it is an international one, and it took time to agree on many issues. The final decision on its implementation will be made jointly, with participation of all member countries," said Ryskanul.

Since the end of 2009, China has purchased 204 billion cubic meters of Turkmen gas and becoming its largest importer, Li Shuliang, General Manager of CNPC International Turkmenistan, said at the International Gas Congress in Avaza.