OREANDA-NEWS. Between the Republic of Kazakhstan and the People's Republic of China a historic Agreement was signed to supply 5 billion cubic meters of gas of Kazakhstan during one calendar year. The expected export revenue of the National operator - JSC KazTransGas should be about 1 billion USA dollars.

The Sales Agreement was signed between JSC KazTransGas and PetroChina International Company Limited. Gas export deliveries are scheduled to begin already on October 15. The resource base will be deposits in the west of Kazakhstan as well as available gas reserves from the underground gas storage facilities of JSC KazTransGas. The gas receiving point by the Chinese side is the border point "Khorgos".

It should be noted that the Agreement was preceded by an intergovernmental Agreement between Kazakhstan and Uzbekistan on mutually beneficial cooperation in the field of natural gas transportation and transit, it allows gas supplying from western Kazakhstan deposits to the southern regions in transit through Uzbekistan. This Agreement will simultaneously ensure stability in providing resources to the southern regions of Kazakhstan in the winter; on the other hand, ensure a stable gas supply for export to China. The reached by the governments of the two countries agreements give new impetus to the relations of the gas companies making them constructive and mutually beneficial.

Kairat Sharipbayev, vice president for gas transportation and marketing at JSC NC KazMunayGas said: "Diversification of transit and export routes for the Kazakh gas transportation, as well as the volume increase of the blue fuel export are important strategic tasks set by the President of Kazakhstan. The head of state noted that "to fully reveal the country transport and transit potential it is necessary to ensure freedom of goods transit create new transport corridors."