Kazakhstan reveals most profitable direction for transit corridor development
Astana, Kazakhstan, Oct.31
By Daniyar Mukhtarov - Trend:
It is more profitable for Kazakhstan to develop its transit corridors in the direction of China-Iran and China-Central Asia, said the representative of the Association of cross-border cooperation in Kazakhstan Marat Shibutov at the World of Eurasia expert club meeting on the theme "Expanding the single market: the transit potential of the EAU" in Astana.
He said that the tougher the stance of the West towards Russia is, the more concessions it will have to make to China.
"Thus, Russia will still come to transit through Kazakhstan," he said. "Therefore, the harder the sanctions against Russia will be, the better the transit potential of Kazakhstan will develop. Russia would simply have no other choice."
Shibutov said that the position of a monopolist does not mean anything when there is no money.
"The Chinese give a minimum credit line of $500 million, that is, the matter will rest in tens of billions of dollars," he said.
Today's global policy on the transit of oil and gas is at a such state that it becomes more profitable to have several supply routes in order not to depend on the policy of another state, the political commentator Oleg Sidorov said at the meeting.
He noted that Russia-gas-Europe link becomes actual in this sense almost every year.
"But given the fact that Russia has received the biggest contract in its history (Gazprom and the China National Petroleum Corporation signed a deal at $400 billion), the European direction of gas export may become less contentious," Sidorov said.