INTERVIEW: “The weekend’s protests were the Russian people's, not the opposition’s” – Maxim Reznik
Western Balkans citizens legally resident in EU equal to 14% of region’s population
International Ice Hockey Federation (IIHF) has stripped Belarus of the right to hold the World Championship this year
Alexei Navalny arrested on arrival as he returns home
@russian_market sacked by UBS for supporting Navalny
Elbrus Capital attracts major international players to invest in the Russian digital sphere
Russian President Vladimir Putin and US President Joe Biden have first phone call, extend START II treaty for five years
ING: Russian budget’s modest deficit leaves fiscal room for 2021
Public support is collapsing for The People’s Servant Party
Ukraine’s industrial output jumped 4.8% y/y in December
State-owned Ukrgasbank signs off on convertible €30mn IFC loan ahead of its privatisation
National Bank of Ukraine retains a key policy rate at 6%, the outlook of the CPI deteriorates
Estonia's two big parties agree on grand coalition
VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
LONG READ: The oligarch problem
OUTLOOK 2021 Lithuania
Czech billionaire Kellner´s PPF makes another bid for Moneta Money Bank
Czech MPs pass protectionist food law in violation of EU rules
M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
Polish parcel locker operator InPost soars in Euronext Amsterdam debut
Polish industrial production continues boom in December
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
FDI inflows to CEE down 58% in 1H20 but rebound expected
BALKAN BLOG: Only better waste management can clean rivers of trash
Pandemic pushes public debt close to 80% of GDP in Albania and Montenegro
BALKAN BLOG: Superstition and resentment surround vaccination plans
Albania needs reforms for e-commerce to thrive, says World Bank
Bosnia's exports in 2020 amounted to BAM10.5bn, trade deficit to BAM6.3bn
Bulgaria’s latest nuclear u-turn
Retailers and restaurant owners threaten protests in Bulgaria if reopening is delayed
Bulgaria's Biodit first company to IPO on new BEAM market
Spring lockdown caused spike in online transactions in Croatia
ING: Growth in the Balkans: from zero to hero again?
Labour demand down 28% y/y in Croatia in 2020
Kosovo’s biggest opposition party risks being unable to run in general election
OUTLOOK 2021 Moldova
Storming parliaments: New Europe's greatest hits
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
Montenegro’s special prosecution probes finance minister over €750mn Eurobond issue
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
Romanian cybersecurity company Safetech floats shares amid rising investor interest
Romania government to pursue “ambitious” timetable for justice reforms
Private finance mobilised by development banks up 9% to $175bn in 2019
Slovenia plans region's longest-tenor Eurobond
Slovenian crypto payment system enters Thai market
Slovenia’s economic sentiment indicator up 2.2 pp m/m in January
Slovenia lost €10bn by neglecting wood industry for decades
D’S Damat franchise deals ‘show Turkey’s hard-pressed mall operators becoming their own tenants’
Turkey’s benchmark rate held as concerns over faltering recovery come to fore
Turkish lira breaches HSBC’s stop-loss, Turkey ETF signalling outflows
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
OUTLOOK 2021 Azerbaijan
OUTLOOK 2021 Georgia
Iran’s President Khamenei menaces private citizen Trump
Iran’s technology minister indicted for failing to properly implement internet censorship
No US move to rejoin Iran nuclear deal imminent, say Biden national security nominees
TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
Central Asia vaccination plans underwhelm, but governments look unruffled
Fears of authoritarianism as Kyrgyz populist wins landslide and backing for ‘Khanstitution’
COMMENT: Mongolia is an island of democracy
OUTLOOK 2021 Mongolia
Mongolia's PM quits amid protests over treatment of mother with coronavirus and newborn baby
Mongolia's winter dzud set to be one of most extreme on record says Red Cross
Tajikistan: Writing for the president is on the wall (and then scrubbed off)
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
Download the pdf version
Central Asia is now supplying nearly half of China's needs for imported gas, with the majority sourced from Turkmenistan, according to a new report from BP. However, Beijing continues pushing to raise its imports from the region.
Turkmenistan supplied 24.4bn cubic metres (cm) of gas to the world's largest energy consumer in 2013. Uzbekistan delivered 2.9bn cm but Kazakhstan managed just 0.1bn cm, according to the BP Statistical Review of World Energy 2014. The news comes just days after China inaugurated a third line of the Central Asia-China gas pipeline.
China also imported 24.5m tonnes of liquefied natural gas last year, which translates as 33.81bn cm. However, gas supplies by ship from suppliers such as Brazil, Australia and Indonesia are seen as an increased risk to energy security on the back of an increase in tension with neighbours and the West in the South China Sea.
The figures show Central Asia accounted for 45% of China's gas imports in 2013. However, it wants more gas from the region, and on June 15 inaugurated a Line C of the Central Asia-China gas pipeline. Running from Turkmenistan through Uzbekistan and Kazakhstan to China's western Xinjiang Uyghur Autonomous Region it will eventually carry 25bn cm. A fourth line with similar capacity is due to see construction start later this year.
Turkmenistan and Uzbekistan are reported to be pumping 30bn cm of gas per year into the 1,833km Lines A and B, which were completed in 2009 and 2010 respectively. They are due to pump 10bn cm each into Line C, with Kazakhstan contributing 5bn cm. The new line will increase the total capacity of the pipeline to 55bn cm per year.
That leaves Beijing to help the countries of Central Asia boost production. According to BP, Turkmenistan's gas output rose by a meagre 0.4% to 62.3bn cm last year. Kazakhstan managed 0.8% to 18.5bn cm, while Uzbekistan saw production fall by 2.8% to 55.2bn cm.
In May, Turkmenistan commissioned a gas-processing facility with a capacity of 9bn cm at the Bagtyyarlyk field. He also launched the construction of a gas-processing plant with a capacity of 30bn cm at the giant Galkynysh field. Overall, Ashgabat has agreed to increase gas supplies to China to 65bn cm by 2020.
Beijing needs all it can get. China accounts for 22.4% of the world’s total energy consumption and 49% of net global growth. While consumption rose 4.7% in 2013 that was well below the ten year average of 8.6%. By volume, it added more in 2013 than Australia's total energy demand (116m tonnes of oil equivalent), the report points out.
On top of that, at 67.5% of its energy mix, coal remains the dominant source. While gas has doubled its share of consumption over the past decade, it still only came to 5.1% in 2013. That does little to stem the chronic pollution that stalks the country's urban centers, and is seen as a potential source of social unrest.
Therefore it's looking to expand gas use. Last month it signed a $400bn deal to import 38bn cm per year from Russia, after over a decade of haggling. However, Central Asia - where it has found much success in using its large cash reserves to gain influence - remains central to its strategy. Gas consumption saw the strongest growth of any fossil fuel last year at 10.8%.
In 2013 China consumed 170bcm of natural gas, and expects to need up to 250bcm in 2015, according to the government. That's a cumulative increase over five years of 19% a year, if the economic growth targets are met. By 2020, China should be consuming 420bcm in total, of which 120bcm needs to be imported.
Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more
bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more
Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more
here to continue reading this article
and 5 more for free or purchase
12 months full website access including
the bne Magazine for just $250/year.
Register to read the bne monthly magazine for
Password could contain only
and have 8-20 symbols length.
Please complete your registration by confirming your
A confirmation email has been sent to the email
address you provided.
can't be empty.
No user with
this email address.
Access recovery request has expired, or you are using
the wrong recovery token. Please, try again.
Access recover request has expired.
Please, try again.
To continue viewing our content you need to complete
the registration process.
Please look for an email that was sent to
with the subject line
"Confirmation bne IntelliNews access". This email will have
instructions on how to complete registration
process. Please check in your "Junk" folder in
case this communication was misdirected in your
If you have any questions please contact us at email@example.com
Sorry, but you have used all your free articles fro
this month for bne IntelliNews. Subscribe
to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free
digital weekly newspaper to subscribers to
the online package.
Click here for more subscription options,
including to the print version of our
flagship monthly magazine:
Take a trial to our premium daily news
service aimed at professional investors that
covers the 30 countries of emerging
For any other enquiries about our
products or corporate discounts please
contact us at
If you no longer wish to receive
Magazine annual print
Website & Archive
Combined package: web
access & magazine print
Take a trial to our premium daily news service
aimed at professional investors that
covers the 30 countries of emerging Europe: