China: CNPC Inks Deal on Third West-East Gas Pipeline

CNPC Inks Deal on Third West-East Gas Pipeline

CNPC on Wednesday inked a joint stock and cooperation framework agreement on the Third West-East Gas Pipeline in Beijing, with the National Council for Social Security Fund, Urban Infrastructure Construction Investment Fund, Baosteel, and the Industrial and Commercial Bank of China.

As shareholders, the first three parties will invest in the project. Private capital from ICBC will flow to the project through the urban infrastructure facilities investment fund. This is an attempt to bring private capital into major energy and infrastructure projects which used to be funded by public capital.

The Third West-East Gas Pipeline, consisting of one trunk, five branch trunks and three branches, will have a total length of over 5,000 kilometer and a designed annual delivery capacity of 30 billion cubic meters. With gas supply from the Central Asia, the new pipeline starts at Horgos in Xinjiang and will end at Fuzhou in Fujian. The whole project is estimated to be operational in 2015.

LNG World News Staff, June 1, 2012

 

Share this article

Follow LNG World News

Events>

<< Sep 2015 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4

Oil & Gas Indonesia 2015

Oil & Gas Indonesia (OGI) is an exhibition focused on Oil and Gas Exploration, Production and Refining hosting worldwide representatives from all areas of the Oil & Gas industry.

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

Gas Mexico Congress & Exhibition

Gas Mexico Congress & Exhibition connects the natural gas community across the Americas by providing a forum at which business and technical…

read more >

Gas Shipping North America Conference 2015

Gas Shipping North America Conference discusses gas trading dynamics, export developments and opportunities to maximise the LNG and LPG…

read more >