Expert predicts Kazakhstan will struggle to compete with Russia in supplying gas to China, despite QazaqGaz’s claims

Expert predicts Kazakhstan will struggle to compete with Russia in supplying gas to China, despite QazaqGaz’s claims

Kazakhstan is looking to boost its gas exports to​ China significantly, with plans to construct a new pipeline at a cost⁢ of $3-6 ‌billion, according⁤ to Sanjar Zharkeshov, CEO ​of QazaqGaz. This move will position Kazakhstan in competition with Russia and Turkmenistan for Chinese demand.

However, Temur Umarov, a researcher at⁢ the‌ Carnegie ​Moscow‌ Center, pointed out in an interview⁣ with The Insider that Kazakhstan is currently facing a gas shortage. This raises ⁤doubts ‌about ‌the feasibility of‍ Zharkeshov’s proposal:

“Kazakhstan has been sending 10 billion cubic meters of gas annually through the ‘Central Asia-China’ pipeline originating in Turkmenistan. ⁤However, due to ​domestic gas ‌shortages affecting state ‌enterprises and power plants, Kazakhstan had to reduce its exports last⁢ year.”

Given Kazakhstan’s limited gas resources and ⁣lack of interest⁣ in expanding exports to China, it remains unclear why there is talk⁢ of an additional pipeline for re-exporting ‌Russian gas.⁢ The Chinese preference⁣ for cheaper liquefied natural gas further complicates the situation.

Read more ⁣on theins.ru

Exit mobile version