China confirms new gas pipeline through Tajikistan

Image
AFP Dushanbe(Tajikistan)
Last Updated : Sep 14 2013 | 10:00 PM IST
China's Xi Jinping at a regional summit signed a deal to build a gas pipeline through the impoverished ex-Soviet country of Tajikistan, Tajik television reported.
The pipeline will transport gas from energy-rich Turkmenistan to China in as part of a huge supply deal.
"Carrying out this project will allow us to attract more than USD 3 billion of direct investments from Chin into the economy of Tajikistan," said the press service of Tajik President Emomali Rakhmon today.
It will supply China with 25-30 billion cubic metres of oil per year, the press service said.
China is eyeing the vast oil and gas resources of ex-Soviet Central Asia for its fast-growing domestic economy and is also keen to assert political influence in a region that was dominated by Moscow for decades.
Xi and Putin met at a regional security conference held by the Shanghai Cooperation Organisation in Bishkek.
The new pipeline is due for completion in 2016 and will run for more than 400 kilometres within Tajikistan.
The mountainous country is the poorest ex-Soviet republic and dependent on remittances from its nationals doing manual labour in Russia.
Xi is carrying out a four-nation tour of Central Asia.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 14 2013 | 10:00 PM IST

Next Story