Middle East Economic Survey

VOL. LIV

No 52

26-Dec-2011

CASPIAN

Uzbekneftegaz Signs Agreement With PetroChina For Gas Supply

On 19 December PetroChina International, which is developing the Central Asia-China gas pipeline system, announced that it had signed an agreement with Uzbekistans state firm Uzbekneftegaz for the export of 25 bcm/year of gas to China through a planned third branch of the system. The third line is scheduled to be commissioned in 2014. Construction will be funded through...