Kazakhstan to submit feasibility study on Caspian gas pipeline in Q12010

Sept 23. Interfax

Kazakhstan to submit feasibility study on Caspian gas pipeline in Q12010Kazakhstan will prepare a feasibility study on  the Caspian gas pipeline project in the first quarter of 2010, KazMunayGas managing director Daniyar Berlibayev said.

“We  had planned to complete [the study] this year, but we will put it off until  next  year,”  Berlibayev  told  journalists  in  Astana on Wednesday.

Berlibayev  said  Kazakhstan  needs  to  estimate the projected gas volume that will be pumped through the pipeline.

“We  need  to  have an idea about the gas transportation volumes to draw up the study. We need to know the amount of gas to make feasibility estimates,” he said.

Kazakhstan,  Russia  and  Turkmenistan  earlier agreed to build the Caspian gas pipeline.

Kazakh Energy and Mineral Resources Minister Sauat Mynbayev said on September  11  that  Kazakhstan would complete the feasibility study for the Caspian gas pipeline project in November 2009.

“The project’s feasibility study will be completed by Kazakhstan in November. The whole technical and economic report on the project will be completed in January,” he said.

By   the   start   of   2010,   Kazakhstan  will  be  “legally  and technologically prepared to implement the project,” he said.

Kazakhstan  ratified  the  agreement  for  the  construction of the Caspian gas pipeline on May 14, 2009.

http://www.interfax.com/3/518717/news.aspx

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