KazTransGas JSC has signed a major loan agreement with Chinese banks.

PRESS RELEASE

KazTransGas JSC has signed a major loan agreement with Chinese banks to attract a syndicated loan totaling $ 2.5 billion for the period up to 2028. Such major Chinese financial institutions as the Corporation of The development Bank of China and the Bank of China (London) (China Development Bank Corporation and Bank of China) acted as the organizers of the financing.

The main purpose of attracting credit funds is to finance the construction of the main gas pipeline “Beineu-Bozoy-Shymkent”, which will provide the necessary volume of gas supply from the gas-bearing regions of the West of Kazakhstan to the southern regions of the country. It should be noted that at this time KazTransGas JSC, ahead of schedule, completes the construction of the linear part of the site “Beineu-Bozoy”.

The Beineu-Shymkent main gas pipeline is one of the large-scale infrastructure projects implemented in Kazakhstan on behalf of the Head of state Nursultan Nazarbayev. Therefore, its construction is of particular strategic importance, since after commissioning, the main gas pipeline will bring significant economic benefits, as well as allow to diversify the directions of gas transit through the territory of the Republic. In this regard, the acceleration of the completion of the main gas pipeline “Beineu-Bozoy” has become a priority for the National operator in the field of gas and gas supply KazTransGas JSC.

As the General Director of KazTransGas JSC Kairat Sharipbayev noted, after difficult and long negotiations with Chinese partners, the Kazakh side managed to agree on attracting significant credit resources on the most favorable terms.

Reference: The readiness to finance projects implemented in the Republic of Kazakhstan once again confirms the high credibility of our country on the part of international banking institutions and the investment community as a whole.

Press Service of  “KazTransGas” JSC

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