Thursday, November 27, 2014

What benifit from the Silk Road economic belt construction

Recently, the Environmental Impact Assessment of West-East Gas Pipeline Project four lines gets into the second publicity. Earlier, China National Petroleum Pipeline West Company confirmed that the National Development and Reform Commission has issued Xinjiang Uygur Autonomous Region Development and Reform Commission a consent document of approving preparatory work of West-four line project to carry out. This shows that the West-four line project has entered a substantive stage of implementation.
Four-wire project has annual gas transmission capacity of 30 billion cubic meters, oil and gas pipeline steel demand will reach more than 100 million tons. According to the latest news of Xinjiang Exit Inspection and Quarantine, it is expected in early June, China-Central Asia gas pipeline C line can deliver imported natural gas to China West-C third line. C line started in 2011, designed gas transmission capacity of 25 billion cubic meters / year, project cost of $ 2.2 billion, completed by the end of 2013, the current project has been completed and acceptance. These show that the SSAW steel pipe market ushered in opportunities by the Silk Road economic belt construction.

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