China Turns to Turkmenistan for Gas Amid Gazprom Pipe Talks
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China is turning to Turkmenistan for more gas as Russia’s OAO Gazprom, the world’s biggest producer, has yet to agree on prices and pipeline routes with Asia’s fastest-growing market.
The central Asian nation may sell China an additional 20 billion cubic meters a year of gas, or a 50 percent increase from the 40 billion it plans to supply by 2015, Turkmenistan’s First Deputy Prime Minister Baymurat Hojamuhamedov said in Singapore yesterday. That would boost China’s imports from the Caspian country to two-thirds of its 2009 demand.