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Kazakhstan to export gas to China for a year from October 15

04 October 2017474

Kazakhstan has signed a trade agreement with China covering exports of 5 billion cubic meters of natural gas to the Asian giant for a year, a deal that is expected to generate $1 billion in earnings for the Central Asian country, JSC KazTransGas said on Tuesday.

“The contract was signed by JSC KazTransGas and Petro China International Company Limited on September 30 in Beijing. Gas export deliveries are scheduled to begin on October 15,” the Kazakh company’s press service said in a statement, reports Efe.

“Expected export earnings will be around $1 billion,” JSC KazTransGas said.

The natural gas will come from fields in western Kazakhstan, as well as reserves at JSC KazMunayGas’s underground storage facilities.

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