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Kazakhstan, China sign accord on gas pipeline construction
RBC, 01.08.2008, Astana 17:59:13.The Kazakh gas company KazMunayGas and China National Petroleum Corporation (CNPC) have signed an agreement on the basic principles of the construction and use of the Kazakhstan-China gas pipeline, the press office of KazMunayGas said today. The document, which was signed in Astana on Wednesday, stipulates the principles guiding the project's funding, the setting of tariffs, ship-or-pay provisions, and includes the issue of the project's profitability. The China-Kazakhstan oil pipeline is part of the Turkmenistan-China backbone pipeline. The pipeline's capacity is expected to reach 10bn cubic meters of gas per year in 2009 and 30bn cubic meters in 2012.
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