KazTransGas company and PetroChina International signed a contract to supply 5 billion cubic meters of Kazakh gas during a calendar year in the amount of about $1 billion reported by the gas transportation company KazTransGas, reports Reuters.
Kazakhstan for the first time will start to deliver gas to China. Gas exports are scheduled to begin from October 15. The resource base will be the fields in Western Kazakhstan, as well as the available reserves of gas from underground storage facilities of the KTG.
In December 2009 Kazakhstan launched the first string of the gas pipeline to China a total cost of $7.5 billion, which was the first major transport system of this kind to the detriment of the interests of the Russian Gazprom, which controls gas deliveries from the former Soviet republics of Central Asia westward through Russia.
The gas pipeline Kazakhstan-China (AGP) is a system consisting of two parallel lines with a total length of about 2 thousand kilometers and is part of the gas pipeline Central Asia – China (CAGP). The pipeline to transport natural gas from Turkmenistan through Uzbekistan and Kazakhstan to China. After the commissioning of all pipelines capacity will amount to 65 billion cubic meters of gas per year.