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Alexey Miller: first medium-term contract signed for Uzbek gas to be purchased by Gazprom

#Documents signed #IR releases

A number of documents were signed today in Moscow with the purpose of advancing Russian-Uzbek cooperation in the gas sector. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Shavkat Mirziyoev, President of the Republic of Uzbekistan.

Alexey Miller, Chairman of the Gazprom Management Committee, and Gulomzhon Ibragimov, Deputy Prime Minister of the Republic of Uzbekistan, inked a contract for Uzbek gas to be purchased by Gazprom. The document provides for 4 billion cubic meters of gas per year to be procured in the period of up to 5 years starting from 2018.

Alexey Miller and Alisher Sultanov, Chairman of the Board of Directors of Uzbekneftegaz, signed the Agreement on joint geological exploration and engineering & innovation work. Pursuant to the document, the parties will explore new perspective blocks within Uzbekistan and analyze the opportunities for cooperation in the field of engineering.

The heads of the companies also inked the Agreement of Cooperation in the area of staff training and retraining.

“Today, we have signed with our Uzbek partners a number of important documents, among which is the first medium-term contract for Uzbek gas to be purchased by Gazprom. Russian-Uzbek cooperation in the gas sector is thriving and expanding to new areas,” said Alexey Miller.

Background

Gazprom’s main partner in Uzbekistan is Uzbekneftegaz National Holding Corporation, focused on oil and gas prospecting, productionprocessingtransportation, 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 2009, the Dzhel gas and condensate field was discovered within the Shakhpakhty block.

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

 

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