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Turkmenistan-China gas link opens | |
(about 4 hours later) | |
China's President Hu Jintao has opened a new pipeline that will deliver gas from Turkmenistan to his country. | |
He was joined by the leaders of the Central Asian countries through whose territory the pipeline passes. | |
Analysts say the pipeline marks a major advance of Beijing's influence in the region and a step forward in its drive for increased energy security. | |
The new pipeline also breaks Russia's long-standing stranglehold on Turkmenistan's vast gas supplies. | |
"China is positive about our co-operation and the opening of this gas pipeline is another platform for collaboration and co-operation between our friendly nations," Mr Hu said. | |
He turned a wheel to symbolise the opening of the 1,800km (1,100 miles) pipeline, which runs from a gas field being developed by the China National Petroleum Corporation through Uzbekistan and Kazakhstan to Xinjiang in western China. | |
'Political value' | |
The pipeline is expected to deliver 40bn cubic metres a year to China by the time it is running at full capacity in 2013. | |
This is about half of China's current demand, says the BBC's Michael Bristow in Beijing. | |
It will mean the central Asian countries - formerly part of the Soviet Union - are less dependent on Russia buying up their supplies. | |
"This project has not only commercial or economic value. It is also political," Turkmenistan's President Kurbanguly Berdymukhamedov told President Hu on Sunday. | |
"China, through its wise and farsighted policy, has become one of the key guarantors of global security." | |
Turkmenistan produces around 70bn cubic metres of gas annually - almost the same amount that had until recently been purchased by Russia, Turkmenistan's biggest client. | |
Supplies stalled following an accident in April on the main pipeline to Russia. So far the two countries have failed to agree new terms, causing Turkmenistan to lose around $1bn a month. | |
The incident prompted President Berdymukhamedov to announce his country's interest in developing alternative supply routes. | |
Turkmenistan is nearing the completion of another pipeline to Iran, and expressed an interest in supporting the EU-backed Nabucco project. | Turkmenistan is nearing the completion of another pipeline to Iran, and expressed an interest in supporting the EU-backed Nabucco project. |
President Hu and Kazakhstan's President Nursultan Nazarbayev unveiled the Kazakh section of the pipeline in Astana on Saturday. | |
It is Kazakhstan's first export route that does not go through Russia. |
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