Tuesday, June 17, 2014

Pipeline: China's Booming Economy a Direct Result of Government Regulators Staying Out Of the Way

6/17/2014

China Inaugurates 3rd Pipeline Carrying Gas from Central Asia

BEIJING – The third line of the pipeline bringing natural gas from Central Asia to China is now in operation, the Chinese state petroleum company said.

Line C spans 1,830 kilometers (1,137 miles) from the Turkmen-Uzbek border to northwestern China’s Xinjiang region, crossing central Uzbekistan and southern Kazakhstan en route, the China National Petroleum Corporation said.

The conduit runs parallel to Lines A and B of the China-Central Asia Natural Gas Pipeline, which opened in 2009 and 2010, respectively.

The capacity of Line C is projected to expand from 7 billion cubic meters per year now to 25 billion cubic meters annually by the end of next year.

Turkmenistan and Uzbekistan will each supply 10 billion cubic meters, while the balance is to come from Kazakhstan, the CNPC said.

Lines A, B and C together are expected to be carrying 55 billion cubic meters by the beginning of 2016. Construction on Line D is scheduled to start in December.

The addition of the fourth line will boost the pipeline’s capacity to 80 billion cubic meters per year, equal to more than 40 percent of China’s annual imports of natural gas.

Beijing is seeking to move away from reliance on energy imports from the volatile Middle East.

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