China’s Loan To Turkmenistan

Via Energy Daily, a report that China has granted Turkmenistan a four- billion-dollar (2.9-billion-euro) loan for its gas sector and will receive additional supplies of Turkmen gas.  As the article notes:

“…Turkmenistan and China have signed a deal on a credit of four bilion dollars as part of a meeting between Chinese Vice Premier Li Keqiang and Turkmen President Gurbanguly Berdymukhamedov,” the report said.

China and Turkmenistan also signed a deal for an additional 10 billion cubic metres of Turkmen gas to be pumped to China by the end of this year through a 7,000-kilometre (4,350-mile) pipeline between the two countries.

The pipeline will now pump 40 billion cubic metres of gas to China per year.”

This entry was posted on Thursday, June 25th, 2009 at 7:37 am and is filed under China, Turkmenistan.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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