More of Kazakhstan's Gas to Be Sold to China
The Samruk-Kazyna holding has approved the deal that its company QazaqGaz plans to conclude with China's PetroChina International Alashankou Company Limited. This is a contract for the supply of natural gas worth over 1.9 trillion tenge, Orda.kz reports.
The document on KASE specifies that the deal involves signing an additional agreement to the gas purchase and sale agreement that the national company concluded with the Chinese corporation in October 2023.
The document does not mention a specific amount but does state that it is 69.54% of the total value of QazaqGaz assets. Thus, the cost can be estimated at one trillion 922 billion tenge.
In early October, reports surfaced that Kazakhstan was negotiating with China to increase gas supplies.
QazaqGaz plans to build an additional gas pipeline to China. Kazakhstan needs to increase supplies to China to cover losses on the domestic market with the proceeds received.
Original Author: Nikita Drobny
Latest news
- Zhezkazgan Airport Resumes Operations After An-12 Emergency Landing
- Middle East Escalation Disrupts Kazakhstan–Dubai Flights
- Three Rare Neolithic Burials Discovered in Kostanay Region
- Minister Promises Better Internet Access for Rural Areas
- Will Trump Visit Kazakhstan?
- Six-Lane Road to Almaty’s Ring Road Planned, Around 200 Land Plots Bought Out
- Housing Sales in Kazakhstan Rise 28% in One Month
- East Kazakhstan Residents Question Gas Station Restrictions on Fuel Canisters
- New Committee to Oversee Crypto Market and Payment System
- MFA Confirms Death of Young Kazakhstani Woman in Antalya
- Source of Shymkent Air Pollution Complaints Still Unclear
- Why Cheap Kazakh Gasoline Is Becoming a Regional Issue
- Southern Kazakhstan Records Magnitude 4.5 Earthquake
- Almaty Residents Oppose Covering City’s Open Irrigation Canals
- Where Are Incomes Highest in Kazakhstan After Almaty?
- Landfill Fire Breaks Out in Astana
- Qatari-Kazakh Gas Pipeline Project Gets Another $500 Million
- Russian City May Name Square After Tokayev’s Father
- Kazakhstanis Will Not Face New Loan Restrictions
- Dead Seals Found Near Aktau May Have Come From Iran, Officials Say
