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
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers