CNPC and Turkmenistan Sign New Gas Cooperation Agreement

Witnessed by Chinese President Hu Jintao and the visiting Turkmenistan President Gurbanguly Berdymukhammedov, China National Petroleum Corporation signed the Amudariya River right shore gas production sharing contract and gas sales & purchase agreement with The State Agency For Management And Use Of Hydrocarbon Resources, Turkmengas, in Beijing.

Signing of the two agreements is attributive to the strong support of the two governments and State leaders, and also to the expanding, pragmatic and win-win cooperation between the two countries. According to the agreement, Turkmenistan will export 30 billion cubic meters gas each year to China through the planned Central Asia Gas Pipeline for 30 years.

China and Turkmenistan signed a general agreement on gas cooperation in April 2006. The signing of the two agreements is a substantial step forward to materialize the general agreement, indicating that gas cooperation between the two countries has entered into a new stage, which is of great significance for strengthening the traditional friendship of the two nations, developing the two economies for the benefits of the two peoples.

Gas cooperation between China and Turkmenistan is an important part of the cooperation between China and Central Asia Countries. The planning of Central Asia Gas Pipeline, actively supported by Central Asia countries, will be conducive to the collaboration and development of Central Asia.