China interested in energy cooperation with Kazakhstan

Astana. May 4. Silkroadnews – china is interested in energy cooperation with Kazakhstan, as Kazakh Ministry of Economy and Budget Planning informs.
“Kazakh Minister of Economy and Budget Planning Yerbolat Dosayev held a meeting with Chinese Minister of Finance Lou Jiwei today. The bilateral meeting took place within the framework of the 47th AGM of ADB that takes place in Astana. The parties discussed cooperation issues and Asian Infrastructure Development Bank creation”, the message states.
Lou Jiwei says his initiative is supposed to assist regional economic integration.
As he explained, this idea was brought about due to the misbalanced development of China. It is also aimed at the strengthening of East-West cooperation. Talking about Central Asia’s dynamic development. Lou Jiwei has expressed his interest in energy cooperation with Kazakhstan.
At the same time, Minister Dosayev noticed that Kazakhstan has energy surplus in its North-Eastern territories.
“We can consider transferring energy to China through our eastern territories. Kazakhstan exports its energy surplus to Russia now, but we have sufficient capacity to increase our export volumes. Our export opportunities are great, we would like to use them”, Kazakh Minister said.