Kazakhstan Chamber of Commerce in the USA


China banks provide $2.5 billion loan for Kazakh gas

Posted on September 13, 2015 by KazCham

Colibri Law Firm

Kazakhstan’s national gas supply company KazTransGas has signed an agreement with China Development Bank Corporation and the Bank of China on a syndicated loan worth US $2.5 billion for a period up to 2028.

The loan will be used to finance the construction of the Beyneu-Bozoi-Shymkent gas pipeline, which will deliver natural gas from gas fields in western Kazakhstan to the southern parts of the country.

The pipeline construction is one of numerous large-scale infrastructure projects implemented in Kazakhstan upon the instruction of President Nursultan Nazarbayev. The project is of strategic importance, as upon its completion the pipeline will diversify natural gas transit through Kazakhstan’s territory.

Construction of the Beyneu-Bozoi-Shymkent pipeline started in 2011, with KazTransGas and China’s Trans-Asia Gas Pipeline Co Ltd. establishing a joint venture for the purpose of the project.


Print Friendly

Leave a Reply

↑ Top