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
The EBRD is supporting the modernisation of transport infrastructure in Serbia with a €150 million sovereign loan to finalise the construction of a new motorway section along the strategic Corridor X.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA).
more »
The Executive Board of the International Monetary Fund (IMF) today approved a three-year, SDR 13.57 million (about US$21.5 million) arrangement under the Poverty Reduction and Growth Facility (PRGF) for the Union of the Comoros.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the second review of Mongolia's economic performance under a program supported by an 18-month Stand-By Arrangement (SBA).
more »
Parex banka has established a subsidiary, SIA NIF (“Nekustamo īpašumu fonds”, or “Real Estate Fund”), which will professionally manage assets that are not related to the Bank’s core business.
more »
In his address at the Lithuanian-Belarusian Business Forum “Belarus and Baltic States: new prospects for cooperation”, Prime Minister Andrius Kubilius has pointed out that Lithuania sees Belarus as creating its future in Europe...
more »
JDRF Employs VoIP and Web-Based Video Collaboration Enabled by Cisco for More Effective Teamwork Among Employees and Constituents.
more »
On 16 September 2009, AB Bank SNORAS group finished the transaction during which it purchased from AB “Invalda” with its own funds 100 per cent of the shares of AB “Finasta įmonių finansai”, managing AB Bank “Finasta”.
more »
Federal Reserve Chairman Ben Bernanke that the worst U.S. recession since the Great Depression was probably over, but the recovery will take time.
more »
Growth expected to return in the second half of 2009. Forecasts are still uncertain but fears of a severe, prolonged recession are fading.
more »