Last month, Gazprom pointed at favorable outlooks for LNG production marked growth. This announcement came in the situation of the lack of any tangible success stories in the pipeline deliveries sector. No timelines were revealed, but should the gas monopoly get a move on, it may secure a decent niche for itself both at the European, and the Asian LNG markets.As you probably know, Gazprom for few consecutive years has been engaged in negotiations on pipeline gas deliveries to China - up to 38 bcm along the western route (the China gas pipeline) and up 30 bcm along the eastern route.The gas pipeline is to rely on Western Siberian gas as its resource base, but the problem is that China needs gas of easterly direction, that is, from where it has its main industrial facilities. But the fact is that while being in negotiations with Russia, China has struck deals with Turkmenistan, Uzbekistan and Kazakhstan on buying gas from them and on the construction of a pipeline running from there. Moreover, Turkmenistan has received a loan from China to the amount of $4 billion to be spent on gas reserve development.
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