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China lends four bln dlrs to Turkmenistan: report

The pipeline will now pump 40 billion cubic metres of gas to China per year.
by Staff Writers
Ashgabat (AFP) June 24, 2009
China has granted Turkmenistan a four- billion-dollar (2.9-billion-euro) loan for its gas sector and will receive additional supplies of Turkmen gas, the state television said on Wednesday.

"Turkmenistan and China have signed a deal on a credit of four bilion dollars as part of a meeting between Chinese Vice Premier Li Keqiang and Turkmen President Gurbanguly Berdymukhamedov," the report said.

China and Turkmenistan also signed a deal for an additional 10 billion cubic metres of Turkmen gas to be pumped to China by the end of this year through a 7,000-kilometre (4,350-mile) pipeline between the two countries.

The pipeline will now pump 40 billion cubic metres of gas to China per year.

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