MNI: PBOC Net drains CNY170.7 Bln via OMO Tuesday

MNI China Press Digest Feb 25: Private Sector, CSRC, DeepSeek

MNI: PBOC Sets Yuan Parity Higher At 7.1726 Tues; -0.76% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate To 2.75%: Press

MNI: BANK OF KOREA CUTS POLICY RATE TO 2.75%: PRESS

MNI NBH WATCH: Policy Hold Ahead of New Projections, Governor

MNI: JAPAN JAN SERVICES PPI +3.1% Y/Y; DEC REV +3.0%

EZ/UK T-Bill Calendar: 2/3-Month RATB Auction on Tuesday

EZ/UK Bond Supply Calendar: Spain Synd; IT, UK, DE Due Tuesday

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ENERGY: China & Kazakhstan Strengthen Energy Ties

ENERGY
Energy BulletsChinaBulletAPACCommodities

CNPC and Kazakhstan's KazTransGas signed a supplementary agreement Feb. 11, boosting contracted gas volume for 2024-25 by one-third., Platts reported. Specific volumes were not disclosed, however. 

  • CNPC also finalized a crude oil spot purchase agreement with Tengizchevroil, expanding oil trade collaboration.
  • Kazakhstan has been a key natural gas supplier to China through the Central Asia natural gas pipeline, despite past shortfalls due to domestic shortages.
  • In 2024, Kazakhstan exported 3.81m mt of gas to China, comprising 6.9% of China's total pipeline gas imports of 55.04m mt, Platts said.
  • Kazakhstan aims to raise its total gas production to 91 Bcm by 2030. To achieve this, it is constructing four new gas plants with a combined annual capacity of 84 bcm by 2030.
  • Kazakhstan is also trying to boost pipeline capacity by constructing a pipeline parallel to the existing 15 bcm/y Beineu-Bozoi-Shymkent natural gas pipeline by 2026-27.
143 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

CNPC and Kazakhstan's KazTransGas signed a supplementary agreement Feb. 11, boosting contracted gas volume for 2024-25 by one-third., Platts reported. Specific volumes were not disclosed, however. 

  • CNPC also finalized a crude oil spot purchase agreement with Tengizchevroil, expanding oil trade collaboration.
  • Kazakhstan has been a key natural gas supplier to China through the Central Asia natural gas pipeline, despite past shortfalls due to domestic shortages.
  • In 2024, Kazakhstan exported 3.81m mt of gas to China, comprising 6.9% of China's total pipeline gas imports of 55.04m mt, Platts said.
  • Kazakhstan aims to raise its total gas production to 91 Bcm by 2030. To achieve this, it is constructing four new gas plants with a combined annual capacity of 84 bcm by 2030.
  • Kazakhstan is also trying to boost pipeline capacity by constructing a pipeline parallel to the existing 15 bcm/y Beineu-Bozoi-Shymkent natural gas pipeline by 2026-27.