Kazakhstan to Boost Natural Gas Exports to China Following New Agreement
Photo: elements.envato, illustrative purposes
QazaqGaz and PetroChina International have signed a deal to increase Kazakh natural gas supplies to China, reports Orda.kz.
The agreement comes as China implements retaliatory tariffs on U.S. energy imports amid ongoing trade tensions.
The agreement was formalized on February 12 at the Kazakhstan-China Business Forum in Astana.
QazaqGaz Chair Sanzhar Zharkeshov and PetroChina International Executive Board Chairman Wu Junli signed an addendum to their three-year gas purchase and sale contract.
This step will increase the volume of gas exports to China in 2025, which confirms the strategic partnership between Kazakhstan and China in the energy sector. The Kazakh gas industry is a reliable supplier of resources to strengthen the region's energy security, QazaqGaz stated.
While specific volume increases were not disclosed, QazaqGaz's expansion plans are currently constrained by pipeline capacity.
The company is planning a new pipeline branch to China, with construction expected to take two to three years.
Kazakhstan may also emerge as a crucial transit route for increasing Russian gas exports to China.
Notably, Türkiye and Turkmenistan also signed a natural gas supply agreement.
Original Author: Nikita Drobny
Latest news
- Kazakhstan Seeks Solutions to Ease Pressure on Uzbek Terminals Amid Export Surge
- Georgia’s Security Service Says No Evidence of “Kamit” After BBC Report
- Kadyrov Confirms Drone Damage to Grozny City
- Russia Temporarily Blocks Kazakhstan's Grain Transit, Threatening Flax Exports to Europe
- Assets of Businessman Dulat Kozhamzharov Seized Following Halyk Bank Claim
- Georgian Opposition Calls December 6 March Over Alleged Use of Chemicals at 2024 Protests
- Severe Smog Covers Oskemen
- Fire and Structural Damage Reported at Grozny City Tower Amid Drone Threat
- Pashinyan Says Foreign Influence Networks Exposed
- Kazakhstan-Based Lukoil Assets Could End Up in Hungarian Hands
- Strong Tenge Pushes Some Banks to Temporarily Stop Issuing Dollars
- Investigation Links Baimsky Project to Nazarbayev's "Wallet," Vladimir Kim
- Three Kazakhstani Nationals Arrested in Georgia Over Alleged 10,000-Ton Oil Theft
- Turkistan Region Contract for 100 Million Tenge Video Project Triggers Scrutiny
- Gennady Golovkin Becomes First Kazakhstani Honored by the International Boxing Hall of Fame
- Former Majilis Deputy Says She Was Stripped of Mandate After Criticizing Authorities
- Mangystau Authorities Investigate Death of Worker Who Fell Into Elevator Shaft
- Golovkin at World Boxing: How Kazakhstan and Saudi Arabia Are Building a New Power Structure in Boxing
- Taraz: Sentences Extended for Defendants in Group Sexual Assault Case
- Taliban Carry Out Public Qisas Execution After Teenager’s Family Killing
