October 11, 2008

Chinese Company Hopes Finish Gas Pipeline in Kazakhstan Ahead of Schedule

Text of report by privately-owned Kazakhstan Today news agency website

Astana, 11 October: The China National Petroleum Corporation CNPC announced about the possibility to complete the construction of the gas pipeline from Kazakhstan to China ahead of schedule, the vice president of the China National Petroleum Corporation (CNPC), Wang Dougjin, said today at a meeting with Kazakh Prime Minister Karim Masimov, the [Kazakhstan Today] news agency reported, referring to the press service of the prime minister.

"The meeting discussed the implementation of projects for transporting Kazakh energy resources to east, in particular [the project of] Kazakhstan-China gas pipeline. Wang Dougjin spoke about the possibility to complete the construction of the gas pipeline to China ahead of schedule," a source in the press service said.

"The Chinese side also expressed readiness to finance the construction of the second line of the Kazakhstan-China gas pipeline.

At the same time, the prime minister said that amounts of energy resources which are being transported should above all used to satisfy demands of Kazakh southern regions. The remaining amount of energy resources will be exported to China and other countries of South East Asia," the report circulated [by the prime minister's press service] says.

"On the whole Karim Masimov approved investment initiatives of the Chinese corporation and expressed Kazakhstan's interest in further implementation of joint investment projects," the press release says.

Originally published by Kazakhstan Today news agency website, Almaty, in Russian 0952 11 Oct 08.

(c) 2008 BBC Monitoring Central Asia. Provided by ProQuest LLC. All rights Reserved.