September 24, 2009

Pipelineistan Oil and Gas Flows to China

On the sidelines of the UN General Assembly the President of Turkmenistan Kurbanguly Berdymukhamedov invited Chinese President Hu to the inauguration in December of the Turkmenistan-China gas pipeline. China will replace Russia as the biggest buyer of Turkmen gas estimated at 40 billion cubic meters per year. Meanwhile the Kazakh-China crude oil pipeline is flowing at near 200,000 barrels per day most of the supply going to an expanded oil refinery in Dushanzi, Xinjiang, between the border and the capital Urumqi. The Kazakh oil pipeline is slated to increase to 400,000 barrels/day although that amount is not contracted yet....

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