China seeks new oil suppliers amid Mideast turmoil | Al Jazeera America Beijing is digging deeper inroads into alternative oil markets as turmoil in the Middle East threatens a key source of China's international energy supply, industry analysts told Al Jazeera amid President Xi Jinping's whirlwind tour of Central Asia, where he has already penned several multi-billion-dollar energy deals. Xi agreed Wednesday to disburse $3 billion in credits for energy projects in Kyrgyzstan on his visit to the nation across China's northwestern border. The deal came days after Xi's visit to neighboring Kazakhstan, where he bought 8.33 percent of an offshore oilfield for a whopping $5 billion -- just one in a series of energy deals signed on the trip.
Chinese banks on board for Yamal LNG Russian gas producer Novatek, China National Petroleum Corp. (CNPC) and a consortium of Chinese banks have signed a memorandum concerning financing for the Yamal LNG project, Novatek said this week.
China to provide new loan to Turkmenistan for Galkinish gas field - Trend.Az Turkmenistan and China have agreed to start negotiations on financing the second phase of development of the Galkinish field which is the second one on the world resources list, the Turkmen Dovlet Khabarlary (TDH) State News Service statement said. According to the statement, the agreement on cooperation on financing the second phase of development of the Galkinish gas field was signed in Ashgabat between the Turkmengas State Concern and State Development Bank of China JSC. Moreover, a contract on the sale of 25 billion cubic meters of natural gas a year was signed between the Turkmengas State Concern and the China National Petroleum Corporation. According to the information this volume will be received from the Galkinish field in the framework of the signed contract to design and build with complete operating readiness, the facility for the production of gas sales with a capacity of 30 billion cubic meters per year. This deal has also been made between the Turkmengas State Concern and China National Petroleum Corporation.
Times Of Central Asia - Tajikistan will transit Turkmen natural gas to China Tajikistan and China have signed a deal to build a natural gas pipeline through Tajikistan to China, Tajik media reported last Saturday. Chinese President Xi Jinping and his Tajik counterpart Emomali Rakhmon met on the eve of the Shanghai Cooperation Organization summit in the Kyrgyz capital Bishkek last Thursday and agreed to accelerate the construction of Line D of the Central Asia-China gas pipeline. The pipeline will transport gas from energy-rich Turkmenistan to China. "Carrying out this project will allow us to attract more than $3 billion of direct investments from China into the economy of Tajikistan," said the press service of the Tajik president. The pipeline will supply China with 25 billion-30 billion cubic meters of gas a year, the press service said.
China, Kazakhstan eye deals worth US$30b | South China Morning Post Kazakhstan and China plan to sign 22 agreements worth around US$30 billion, including in the key energy sector, Kazakh President Nursultan Nazarbayev said on Saturday after talks with his Chinese counterpart Xi Jinping. "We've reached an agreement on building an oil refinery which Kazakhstan needs," Nazarbayev told reporters after hosting Xi at his Akorda residence. The Chinese leader for his part said his country would become a shareholder in the Central Asian country's Kashagan oil field, one of the world's largest. "An agreement has been reached between the two countries about China's participation in the development of the Kashagan field," he said.
Kazakhstan Oil Field Starts Production After Years of Delay - NYTimes.com After years of delay, the largest oil field outside the Middle East started producing crude on Monday, offering a valuable new deposit to meet the world's rising energy needs. The first oil to flow from the Kashagan field, in Kazakhstan, was just a trickle. But a consortium of oil companies, including Exxon Mobil and ConocoPhillips of the United States, have ambitious plans to increase production over the next several years. "This is one of the most complicated projects in the world," Claudio Descalzi, the chief operating officer for exploration and production at Eni, the Italian oil company involved in the project, said in a telephone interview. "It's really an historical moment. It's first-quality oil, very light oil, and we are close to countries that are growing, and that present the best markets." When geologists discovered the field in 2000, it was the largest new deposit since the discovery of the Prudhoe Bay field on the North Slope of Alaska in 1968. And it remains so today, suggesting that such oil sources are becoming harder to
find.
China, Kazakhstan complete first stage of new gas pipeline - Natural Gas | Platts News Article & Story China National Petroleum Corp said Monday the first stage of a new natural gas pipeline in Kazakhstan has been completed. A ceremony was held on Saturday to mark the completion of the Bozoy-Shymkent segment of the line in the Kazakh capital of Astana during Chinese President Xi Jinping's visit to the Central Asian country, CNPC said."The pipeline project has successfully completed the first stage and is now preparing to transmit gas," CNPC said. China and Kazakhstan signed an agreement to develop the gas pipeline in August 2007 and a year later CNPC and state-owned KazMunaiGaz formed a joint venture for the construction and operation of the project. The new Kazakh pipeline will have capacity of 10 billion cubic meters/year but this can be expanded to 15 Bcm/year, depending on demand and supply conditions, CNPC said. The first phase stretches 1,143 km from Bozoy in central Kazakhstan near the Aral Sea and ends in Shymkent in the southeast, where it is to link up to the Kazakh section of the Central Asia-China pipeline network. Construction started in July last year.
Xi Jinping agrees US$3b in credits for Kyrgyzstan Energy Projects | South China Morning Post China on Wednesday agreed credits worth over three billion dollars for energy projects in its northern neighbour Kyrgyzstan, during a visit by President Xi Jinping aimed at boosting Beijing's influence in Central Asia. Xi held talks with Kyrgyz President Almazbek Atambayev on the last leg of a major regional tour that has already taken him to Turkmenistan, Kazakhstan and Uzbekistan. ... US$1.4 billion of credits will go on a 225 kilometre Kyrgyzstan-China gas pipeline that will pump gas originating from energy-rich Turkmenistan to the Chinese city of Kashgar. The rest of the credit will go on rebuilding a power plant in Bishkek, constructing a new motorway and expanding an oil refinery, he added.