Deal ensures supplies of natural gas

    Updated: 2013-09-05 01:39

    By Wu Jiao in Mary, Turkmenistan, Li Xiaokun and Du Juan in Beijing (China Daily)

      Print Mail Large  Medium  Small    

    World's second-largest field will bring benefits to China and Turkmenistan

    The Chinese and Turkmen presidents announced on Wednesday the completion of the first phase of the Galkynysh gas field, which will supply gas to China.

    China National Petroleum Corporation also signed a new contract to import gas from Galkynysh — the world's second-largest gas field — a deal experts said will ensure China's growing natural gas supply and help Turkmenistan secure a stable buyer.

    Deal ensures supplies of natural gas

    President Xi Jinping and his Turkmen counterpart Gurbanguly Berdymukhamedov attend a ceremony marking the completion of the first phase of the Galkynysh gas field in Mary, Turkmenistan, on Wednesday. The field will supply billions of cubic meters of natural gas a year to China.Ju Peng / Xinhua

    President Xi Jinping and his Turkmen counterpart Gurbanguly Berdymukhamedov attended the ceremony marking the start of operation of three processing plants at Galkynysh in South Turkmenistan.

    Insiders told China Daily that each plant has an annual output of 10 billion cubic meters of gas.

    A plant jointly developed by China National Petroleum Corporation will send its products entirely to China, and some gas from the other two plants is also likely to be sent to China.

    Turkmenistan is China's largest supplier of natural gas, and China is the largest overseas market for Turkmenistan's natural gas.

    Xi and Berdymukhamedov said on Tuesday that the annual transport of 65 billion cubic meters of natural gas from Turkmenistan to China by 2016 will be ensured through the world's longest natural gas pipeline.

    In 2009, the two nations put into operation a pipeline of more than 8,000 km to bring vital energy supplies through China's western region.

    China imports about 40 billion cubic meters a year from Turkmenistan.

    According to insiders, most of the newly added 25 billion cubic meters will be from Galkynysh.

    China National Petroleum Corporation, the country's largest energy producer, announced on Wednesday that it had signed an agreement with Turkmenistan to import 25 billion cubic meters of natural gas annually.

    On Wednesday, Berdymukhamedov, leading 10 deputy prime ministers of the country, welcomed Xi when he arrived at the airport in Mary province.

    An estimated 100,000 residents in traditional dress waved flowers along the road as Xi headed for the gas field from the airport. Energy cooperation with China has created 18,000 jobs for local people.

    Li Li, research director at ICIS C1 Energy, an energy information consultancy in Shanghai, said the energy-rich Central Asian country has secured its best buyer for such an important energy supply.

    "The cooperation between the two countries will further ensure energy security in Central Asia and contribute to China's economic restructuring," she said.

    Xi and Berdymukhamedov inspected the gas field, which has proven reserves of 4 to 6 trillion cubic meters of natural gas.

    Galkynysh is "another fine example of bilateral energy cooperation for mutual benefits", Xi said.

    "The project will inject fresh and strong impetus into energy cooperation between the two countries," Xi said.

    Berdymukhamedov said energy cooperation is an important part of the two nations' strategic partnership, which has been driving the development of the Central Asian region.

    Turkmenistan is eager to enhance cooperation with China in areas such as natural gas exploitation and transmission, and global energy security, Berdymukhamedov added.

    He also said that energy cooperation with China proves that his country's energy export diversification strategy is effective and successful.

    China's annual natural gas consumption will reach 327.9 billion cubic meters by 2018, according to ICIS C1 Energy.

    Imports are expected to more than triple by then.

    "By Sept 3, the total quantity of China's natural gas import contracts were about 119.6 billion cubic meters (excluding the new contract of 25 billion cubic meters with Turkmenistan), which means that there is still a big shortage for China's natural gas imports," said Wang Ruiqi, a senior analyst with ICIS C1 Energy.

    She said the new contract with Turkmenistan will ensure China's natural gas supply.

    Turkmenistan holds the world's fourth-largest natural gas reserves and possesses vast reserves of oil. It is estimated that 400 million people in China benefit from natural gas from Turkmenistan.

    Xi arrived in Turkmenistan on Tuesday. The Central Asia tour is his third international trip since taking office in March.

     

    8.03K

    Schedule

    President Xi visits Central Asia, attends G20, SCO summits

    Sept 3 to 13: Pay state visits to Turkmenistan, Kazakhstan, Uzbekistan and Kyrgyzstan.

    Sept 5 to 6: Attend the eighth Leaders' Summit of the Group of Twenty (G20) in St. Petersburg.

    Sept 13: Attend the 13th Meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization (SCO) in Bishkek, the capital of Kyrgyzstan.

    Forum

    Chinese economy will not collapse

    The Chinese government has steered their megacarrier through choppy seas quite successfully.

    China's role in G20

    I saw a China that is much more confident to put itself forward at G20 summit.

    Photos


    Beijing backs truce bid in Syria


    Ties with Kyrgyzstan upgraded


    Student's rare blood bonds Kazakhstan and China


    Xi 'travels in time' along the ancient trade route


    Xi in Kyrgyzstan for state visit, SCO summit


    Silk Road to take on a new look

    一级中文字幕免费乱码专区 | 天堂…中文在线最新版在线| 最近中文字幕免费大全| 永久无码精品三区在线4| 亚洲人成无码网站在线观看| 无码内射中文字幕岛国片| 国产精品无码午夜福利| 亚洲欧洲日产国码无码久久99| 无码中文字幕乱在线观看| 精品无码综合一区| 亚洲av无码不卡| 久久久噜噜噜久久中文字幕色伊伊| 伊人蕉久中文字幕无码专区 | 一本大道久久东京热无码AV| 色偷偷一区二区无码视频| 中文字幕无码日韩专区免费| 狠狠躁夜夜躁无码中文字幕 | 日韩高清在线中文字带字幕| 国99精品无码一区二区三区| 无码人妻精品一区二区三区66 | 无码人妻精品一区二区三区久久久| 中文字幕精品久久久久人妻| 中文字幕成人精品久久不卡 | 日本中文一区二区三区亚洲| 日韩乱码人妻无码中文字幕久久 | 熟妇人妻中文字幕| 国产免费久久久久久无码| 国产成人精品无码免费看| 久久久久久亚洲AV无码专区| 亚洲av中文无码乱人伦在线咪咕 | 国内精品人妻无码久久久影院导航 | 人妻少妇无码精品视频区| 久久亚洲中文字幕精品一区四| 中文字幕无码高清晰| 亚洲国产综合无码一区二区二三区 | 亚洲伊人久久综合中文成人网| 天堂√中文最新版在线下载| 亚洲欧美日韩一区高清中文字幕 | 中文字幕无码一区二区三区本日 | 久久久无码精品亚洲日韩京东传媒| 亚洲日韩欧美国产中文|