AIRLINK 212.00 Increased By ▲ 2.45 (1.17%)
BOP 10.57 Increased By ▲ 0.11 (1.05%)
CNERGY 7.30 Decreased By ▼ -0.05 (-0.68%)
FCCL 34.64 Increased By ▲ 0.25 (0.73%)
FFL 18.18 Increased By ▲ 0.13 (0.72%)
FLYNG 23.24 Increased By ▲ 0.32 (1.4%)
HUBC 132.00 Decreased By ▼ -0.49 (-0.37%)
HUMNL 14.28 Increased By ▲ 0.14 (0.99%)
KEL 5.08 Increased By ▲ 0.05 (0.99%)
KOSM 7.21 Increased By ▲ 0.14 (1.98%)
MLCF 45.30 Increased By ▲ 0.10 (0.22%)
OGDC 220.85 Increased By ▲ 2.47 (1.13%)
PACE 7.75 Increased By ▲ 0.17 (2.24%)
PAEL 42.55 Increased By ▲ 0.85 (2.04%)
PIAHCLA 17.52 Increased By ▲ 0.22 (1.27%)
PIBTL 8.73 Increased By ▲ 0.18 (2.11%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 190.80 Increased By ▲ 1.77 (0.94%)
PRL 42.69 Increased By ▲ 0.36 (0.85%)
PTC 25.75 Increased By ▲ 0.58 (2.3%)
SEARL 104.50 Increased By ▲ 0.54 (0.52%)
SILK 1.05 Increased By ▲ 0.02 (1.94%)
SSGC 41.20 Increased By ▲ 1.96 (4.99%)
SYM 19.40 Increased By ▲ 0.24 (1.25%)
TELE 9.41 Increased By ▲ 0.17 (1.84%)
TPLP 12.93 Decreased By ▼ -0.17 (-1.3%)
TRG 68.50 Decreased By ▼ -0.68 (-0.98%)
WAVESAPP 10.80 Increased By ▲ 0.08 (0.75%)
WTL 1.72 Increased By ▲ 0.01 (0.58%)
YOUW 4.18 Increased By ▲ 0.04 (0.97%)
BR100 12,217 Increased By 138.1 (1.14%)
BR30 36,933 Increased By 330.6 (0.9%)
KSE100 117,364 Increased By 1310.9 (1.13%)
KSE30 37,022 Increased By 444.6 (1.22%)

Russian gas monopoly Gazprom has started building the West Siberia-China pipeline, which will supply China with up to 30 billion cubic metres of gas a year, a news agency reported on Monday.
Itar-Tass news agency quoted a regional government official as saying Gazprom's subsidiary, GidroSpetsGaz, had started engineering and exploration works on a 500 km (310 miles) pipeline in Altai region. The pipeline link is part of Gazprom's $11 billion project to lay two gas pipelines to supply China with 60-80 billion cubic metres of natural gas a year.
A memorandum about gas supplies was signed between Gazprom and China National Petroleum Corp (CNPC), parent of listed PetroChina, in March, shortly after the heads of the two states released a joint statement supporting investment in each country's energy sector. The first pipeline will carry gas from Russian western Siberian fields to join China's internal west-east pipeline.
The other link, which will head to the country's northeast region, will carry gas from Sakhalin Island and maybe Kovykta field in East Siberia. The pipelines are due to come on stream in 2011.

Copyright Reuters, 2006

Comments

Comments are closed.