CNPC boosts exports of Central Asian gas
Since the beginning of 2018, the CNPC International Pipeline Company supplied the transnational gas pipeline from Central Asia to China with 46.9 billion cubic meters of natural gas. It makes a major contribution to the country’s winter heat supply, the website of the oil and gas complex of Turkmenistan reports, citing the press release of the company. The export gas pipelines operated by CNPC have consistently maintained high performance during 2017. Central Asian suppliers pumped 38.7 billion cubic meters to China with an increase of 13.4 percent compared to 2016. At present, the gas pipeline Central Asia-China includes three lines A, B and C with a total length of 1,830 km. Since the commissioning of the Turkmenistan-Uzbekistan-Kazakhstan-China pipeline in December 2009, about 250 billion cubic meters of gas have been exported to China. In order to bring the trans-Asian gas pipeline to full capacity, the oil and gas production corporation PetroChina, owned by CNPC, has strengthened coordination with partners from Turkmenistan, Uzbekistan and Kazakhstan. China National Petroleum Corporation is the world’s third largest oil company based in China and plays a leading role in China’s petroleum industry. CNPC integrates the business portfolios of both an oil company and an oilfield service provider, with operations covering the entire oil and gas industry value chain. Having oil and gas assets and interests in over 30 countries, CNPC is playing a greater role in the global petroleum circle. Being a global energy player, CNPC is one of the world’s major providers of comprehensive oilfield services, a world renowned engineering construction contractor and major petroleum equipment and materials supplier. CNPC is committed to promoting socioeconomic development by ensuring energy security. The company strive for harmonious relationships between operation and safety, energy and the environment, corporate and community interests, and employers and employees. Central Asia, a total area of 3,994,400 square km, in general, occupies about 10 percent of the territory of the Asian continent while representing an important geostrategic region on the world map. In terms of fuel and energy resources (oil and gas), the region ranks second in the world, also having solid reserves of such rare minerals like gold, copper, uranium and heavy metals. According to confirmed data, the total volume of oil reserves in Central Asia reaches 15-31 billion barrels, and the total volume of natural gas reserves is 230-360 trillion cubic meters, which is about 7.2 percent of world oil resources and 7 percent of gas resources. Given the dynamic growth of the global economy, the need for hydrocarbon energy sources is increasing. According to world statistics, the consumption rate of natural gas, which reached 95 billion cubic meters in 2003, will increase to 182 billion cubic meters by 2030.