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People's Daily Online>>China Business

China, Turkey start natural gas storage project

By Wang Hongjiang, Zheng Jinfa (People's Daily Overseas Edition)

14:16, December 01, 2011

Edited and translated by Yao Chun, People's Daily Online

The Chinese Tianchen Engineering Corporation and the Turkish Petroleum Pipeline Company launched a joint project involving 1 billion cubic meters of underground natural gas on Nov. 29 in Ankara, capital of Turkey.

"Turkey plans to invest a total of 17 billion U.S. dollars in the field of energy by 2013, of which renewable energy accounts for 30 percent. This target is very important to Turkish economic development. China has advantages in multiple fields, such as technology, equipment, capital, talent and is willing to cooperate with Turkey," said Jiang Zhengwei, China's deputy minister of commerce in the startup ceremony of this project.

This natural gas underground storage project is located along the southern coast of Turkey's Great Salt Lake, and its estimated construction period is over eight years.

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