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Uzbekneftegaz interested in supplying natural gas to China

Uzbekneftegaz interested in supplying natural gas to China
Uzbekneftegaz interested in supplying natural gas to China
Tashkent, Uzbekistan (UzDaily.uz) -- Uzbekneftegaz national holding company (Uzbekistan) said it is interested in supplying natural gas to China, but both sides have yet to agree on details such as volume and the installation of a transmission system.

"Let's say it is interesting for both sides," Umidjan Israilov, head of foreign relations and investment department at Uzbekneftegaz, told Reuters on the sidelines of an international conference in Seoul on Tuesday. He said negotiations were underway.

"We need transport facilities. There is a Turkeminstan-China pipeline but this is mostly for Turkmenistan gas," he said. "There is no capacity for other gas."

In June, China National Petroleum Corp (CNPC) said it had signed a framework agreement to buy 10 billion cubic metres of natural gas per year from Uzbekneftegaz.

Israilov said a supply volume had yet to be set, but it could be more than 10 billion cubic metres, adding that he expected the two companies to reach a deal this year.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.