China to start buying gas from Turkmenistan next year

Jul 07, 2000 02:00 AM

Laying the groundwork for an ambitious natural gas pipeline, Chinese president Jiang Zemin agreed to begin buying gas from Turkmenistan next year.
Jiang met Turkmenistan's President Saparmurad Niyazov during a summit in this former Soviet republic in Central Asia. The leaders also signed a deal for a 100 mm yuan ($ 55 mm) loan from China for Turkmenistan, and on co-operation on oil and gas ventures.
The countries are considering building an ambitious 5,700 km (3,400-mile) pipeline which would cross the rugged Pamir Mountains, and also complicated political terrain in unstable countries along the way.
Niyazov said the project would take at least a decade to complete and that the countries had not yet decided when to start. For now Turkmenistan will export LNG, which can be transported by rail, Niyazov said.

Source: AP via Newspage
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