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Kazakhstan and China sign contract about gas pipeline

14 June 2010 11:45 (UTC +04:00)

Baku â€“ APA-Economics. The China National Petroleum Corporation (CNPC) announced Sunday it has signed an agreement with the Kazakh gas company KazMunayGas to jointly build the second phase of a gas pipeline in a bid to tap gas reserves in southern Kazakhstan, CRIENGLISH.com reported.

The agreement concerns design, financing, construction, and operation of the second-phase of the pipeline, a statement on CNPC’s website said Sunday.

In August 2007, China and Kazakhstan signed an inter-government agreement on the construction of the Kazakhstan-China Gas Pipeline. Line A of the 1,300-km phase-1 project opened in December 2009. The phase-2 project’s pipeline will have a total length of 1,400 km, the statement said. Total annual capacity of the 2nd-phase pipeline is expected to reach 10 billion cubic meters.