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July 18, 2007
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Wednesday
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Rajab 02, 1428
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Gas deals
BEIJING, July 17: China signed deals on Tuesday to produce and import natural gas from Turkmenistan, a major step in the realignment of the resource-rich central Asian country away from its former rulers in Russia, a news report said.
Details of the deals, signed during a visit to Beijing by Turkmenistan President Gurbanguly Berdimuhammedov, were not immediately available, said Dow Jones Newswires.
The report comes amid a flurry of deals by Chinese government oil and gas companies to explore for and develop energy sources in former Soviet republics, Africa and else-where.
China has been in talks to buy 30 billion cubic metres of natural gas a year from Turkmenistan and neighbouring Kazakhstan to be delivered through a new pipeline to feed China’s surging demand for energy.—AP
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