Tethys Plans to Export Kazakh Gas to China by 2015

Tethys Petroleum, oil and gas exploration and production company focused on Central Asia and the Caspian Region, is looking to export Kazakh natural gas to China and double output, reports news agency Bloomberg.

Earlier this month, Tethys entered into an agreement for the sale of 50% of its Kazakh oil & gas assets to SinoHan Oil and Gas Investment B.V., part of HanHong, a Beijing based private equity fund.

According to Bloomberg, the company plans to boost output to about 1 million cubic meters (6,100 barrels of oil equivalent) a day from about 3,000 barrels now, said Executive Chairman David Robson.

The company may also export gas to China as soon as 2015 through the planned Kazakhstan-China pipeline, Executive Chairman David Robson told Bloomberg in an interview.

“We can do it fairly quick,” Robson told the news agency.

Sign-up for our free weekly newsletter update via email here