Background

Uzbekneftegaz is a national holding corporation focused on oil and gas prospecting, production, processing, transportation, storage, and marketing.

In 2002, Gazprom and Uzbekneftegaz signed the Agreement of Strategic Cooperation providing for Gazprom's participation in natural gas production projects within Uzbekistan under PSA conditions.

Since 2004, Gazprom has taken part in the PSA-based gas production recovery process at the Shakhpakhty field.

In 2006, Gazprom and Uzbekneftegaz inked the Agreement on the basic principles of geological exploration at investment blocks in the Ustyurt region of Uzbekistan. Gazprom International was appointed as the project operator. In the course of geological exploration, the Dzhel gas and condensate field was discovered within the Shakhpakhty block in 2009.

In 2016, Gazprom purchased around 6.2 billion cubic meters of natural gas from Uzbekistan.