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A deputy manager of PetroChina Co.’s pipeline and natural gas unit recently confirmed that China and Turkmenistan finally have agreed on a price for Turkmen natural gas imported via the planned Central Asia Gas Pipeline, China Securities Journal reported Jan. 21.
The price was the last sticking point to a deal under which PetroChina can tap Turkmen energy resources, coming six months after China National Petroleum Corp. (CNPC) committed to buying 30 billion cubic meters of natural gas per year for 30 years from Turkmenistan. With the agreement, China has moved one more step along its bid for Central Asia’s energy resources — and ultimately toward expanding its geopolitical influence over the wider region.
China is in the process of drawing a knife across the map of Central Asia, slicing off the southern four republics from their traditional overlord, Russia, by running a pipeline to Turkmenistan.
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