ASHGABAT, June 24 - Turkmenistan has agreed to increase the amount of gas it will supply to China to 40 billion cubic metres (bcm) from 30bcm every year, Turkmen state television said on Wednesday.
The two countries also signed a contract under which China would issue Turkmenistan a $4 billion loan.
Turkmen TV gave no further details during a visit by a Chinese government delegation.
Earlier this month, Turkmen TV said that China promised to issue Turkmenistan a $3 billion loan to explore the large gas field South Iolotan. [ID:nL5208945]
In 2006, Turkmenistan agreed to deliver to China 30bcm of gas annually through a pipeline to be commissioned this year which is currently being built.
Turkmenistan sells about 50 bcm of gas a year to Russia through its Soviet-built pipeline.
The West wants Turkmenistan to join its Nabucco pipeline project designed to deliver gas to Europe but bypassing Russia.
The two countries also signed a contract under which China would issue Turkmenistan a $4 billion loan.
Turkmen TV gave no further details during a visit by a Chinese government delegation.
Earlier this month, Turkmen TV said that China promised to issue Turkmenistan a $3 billion loan to explore the large gas field South Iolotan. [ID:nL5208945]
In 2006, Turkmenistan agreed to deliver to China 30bcm of gas annually through a pipeline to be commissioned this year which is currently being built.
Turkmenistan sells about 50 bcm of gas a year to Russia through its Soviet-built pipeline.
The West wants Turkmenistan to join its Nabucco pipeline project designed to deliver gas to Europe but bypassing Russia.
