Kazakhstan Lobbies $1.5Bln Gas Pipeline Project
Published:
8 October 2003 y., Wednesday
Kazakhstan plans to double the capacity of the main gas pipeline from Central Asia to Russia, and wants the European Bank for Reconstruction and Development to join the project, an official said Tuesday.
Azat Bekturov, deputy department chief at state gas transportation firm KazTransGas, told reporters the $1.5 billion project aims to boost the annual capacity of the Central Asia-Center pipeline to 90 billion cubic meters from 45 bcm to 50 bcm.
Bekturov said the Kazakh government planned to borrow funds to pay for the 10-year project.
"We have a goal to work together with the European Bank for Reconstruction and Development," he said at the sidelines of an annual international oil and gas conference.
"We hope for their weighty contribution to this project." He said the feasibility study would be ready by May next year.
The Central Asia-Center pipeline now transports Turkmen natural gas which is sold mainly in Ukraine. Gazprom, which is the largest supplier of natural gas to Europe but also buys cheap Central Asian gas, clinched a vital gas deal with Turkmenistan earlier this year.
Šaltinis:
themoscowtimes.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »