Publication Date:
Tue, 2011-04-26 22:34
Under a separate deal agreed on Tuesday, the Central Asian nation committed to pay off its debts with gas deliveries to China.
China has already issued soft loans to state energy company Turkmengaz worth $4 billion.
Turkmengaz says the funds will go to boosting Turkmenistan’s export potential and developing the South Yolotan field in the east of the country.
Turkmenistan began delivering gas to China through a newly completed pipeline in late 2009.
That route is expected to reach full annual capacity of 40 billion cubic meters by 2015.
The commercial terms of the supply contract have not been made public.
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