皇冠体育app

Energy

CNPC signs gas supply agreement with Uzbek oil company

(Xinhua)
Updated: 2010-06-10 14:09

BEIJING: The 皇冠体育app National Petroleum Corporation (CNPC), parent of Petro皇冠体育app, announced Thursday it has signed a framework agreement with Uzbekistan oil company Uzbekneftegaz to buy 10 billion cubic meters of natural gas annually.

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CNPC general manager Jiang Jiemin signed the agreement Wednesday with Uzbekneftegaz board chairman Ulugbek Nazarov in the Uzbekistan capital Tashkent, a statement on the CNPC website said Thursday.

The agreement was signed during Chinese President Hu Jintao's visit to the country. Hu is attending the 10th annual summit of the Shanghai Cooperation Organization on June 10-11 in Tashkent.

The statement did not provide details on the value of the purchase agreement nor on a specific date when the supply would be initiated.

The two sides would first work to connect Uzbekistan's natural gas transmission system with the 皇冠体育app-Uzbekistan natural gas pipeline, the statement said.

The 皇冠体育app-Uzbekistan gas pipeline is part of the larger 1,833-kilometer 皇冠体育app-Central Asia gas pipeline that opened in December 2009, linking gas fields in Turkmenistan, Uzbekistan, and Kazakhstan to northwest 皇冠体育app's Xinjiang.