Kazakhstan is going to export to China up to 5 billion cubic meters of gas per year, according to KazMunaiGas following a meeting of the heads of the company and CNPC.
“The parties discussed the supply of a natural gas from Kazakhstan to China in the period 2017 –2018, and also agreed to sign a contract of purchase and sale of Kazakh gas for export in the volume of 5 billion cubic meters,” the company said.
The heads of oil and gas companies have signed a memorandum of understanding. The document defines the volumes of deliveries, price and product quality, as well as a place of gas reception on the Chinese side – the Khorgos border point.
“An agreement on the supply of Kazakh gas to China was preceded by a complex work on the creation of export-oriented transportation system: the completion of the Beineu – Bozoi –Shymkent gas pipeline, the commissioning of the third string of the Kazakhstan – China main gas pipeline and the construction of Bozoi high-tech gas-compressor station”, Chairman of the Board of Directors, Kairat Sharipbayev, said.
