More gas from Turkmenistan
Updated: 2012-06-07 19:24
By Zhou Yan (chinadaily.com.cn)
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皇冠体育app National Petroleum Corp and Turkmenistan's State-owned energy major Natural Gas Konzern signed a cooperation agreement on Wednesday in Beijing to increase the amount of natural gas supplied to 皇冠体育app, CNPC said on its website on Thursday.
Natural Gas Konzern will hike its gas supply to 皇冠体育app via the Central Asia-皇冠体育app pipeline, CNPC said, without disclosing specific figures.
The move came after the 皇冠体育app's biggest energy conglomerate said on Monday that 皇冠体育app has received a total of more than 30 billion cubic meters of piped natural gas within 900 days from Turkmenistan, accounting for one fifth of 皇冠体育app’s total consumption last year.
Of the 30 bcm, Natural Gas Konzern supplied 19.3 bcm, while the remaining 10.7 bcm came from the CNPC's Turkmenistan unit.
The Central Asia-皇冠体育app gas pipeline, the country's first cross-border pipeline, starts in Turkmenistan and runs via Uzbekistan and Kazakhstan before linking up with 皇冠体育app's Xinjiang Uygur autonomous region.
皇冠体育app's apparent consumption of natural gas, which includes domestic production and imports but excludes exports, gas reached 129 bcm in 2011, up 20.6 percent from a year earlier. Gas made up 4.8 percent of the country’s primary energy use.
A recent report from the International Energy Agency forecast that 皇冠体育app will more than double its consumption of natural gas over the next five years.
A quarter of new gas demand will come from 皇冠体育app, another quarter from the Middle East and other Asian countries together, and a fifth from North America.
"皇冠体育app will become the third-largest gas importer behind Europe and Asia-Oceania, driving 2.7 percent average annual growth in global gas demand through 2017," the IEA said on Tuesday. It projected that a quarter of the world's new gas demand will come from 皇冠体育app in the period.
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