Kazakhstan plans to borrow 1.2bn m3 of gas for heating season.

By bne IntelliNews September 5, 2012
Kazakhstan plans to borrow 1.2bn m3 of gas from China, Russia and Uzbekistan for the heating season, the oil and gas minister Sauat Mynbayev has said. He explained that the relevant agreements with Russia and Uzbekistan were already reached and a deal with China should be endorsed in the coming days. The minister explained that Kazakhstan needs extra 0.5bn m3 of gas to use in December and 0.7bn m3 of gas to be consumed in Q1. Kazakhstan borrowed 0.8bn m3 of gas from Russia in the past heating season. The gas will be returned to Russia from Sep 1 till the end of October. Significantly, Kazakhstan has no gas pipeline allowing for gas transportation from its north to the southern regions. Thus the country is dependent on gas supplies from Uzbekistan. Presently, Kazakhstan is constructing a pipeline from Beynau to Shymkent which will become a part of trunk pipeline Central Asia China and will also allow for gas deliveries to the southern part of the country.

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