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Kyrgyz Gvt. Approves Agreement on Kyrgyzgas Sale to Gazprom
© RIA Novosti. Ilya Pitalev
21:56 26/05/2013
BISHKEK, May 26 (RIA Novosti) - Kyrgyzstan's government has approved
an agreement between Bishkek and Moscow on the sale of the country's
national gas company to Russian energy giant Gazprom, a Kyrgyz
government spokesman said on Sunday.
The agreement on the sale of Kyrgyzstan's debt-ridden company
Kyrgyzgas for a nominal price of $1 was reached during Russian
President Vladimir Putin's visit to Bishkek in late 2012. The Kyrgyz
gas operator has debts of $38 million.
Gazprom has been offered to buy 75 percent of Kyrgyzgas. The Russian
energy giant said earlier it was willing to buy a 100 percent stake in
the Kyrgyz company.
The deal to buy Kyrgyzgas would allow Gazprom to start prospecting and
developing the Mailuu-Suu-IV and Kugart gas deposits in southern
Kyrgyzstan.
This would allow the impoverished ex-Soviet republic to meet domestic
demand for 500 million cubic meters of gas a year. Gas remains the
main heating fuel for domestic use in the Kyrgyz capital Bishkek and
the surrounding area.
Kyrgyzstan currently does not produce natural gas and is wholly
dependent on imports from Kazakhstan and Uzbekistan.
Under the agreement, Gazprom is to invest at least 20 billion rubles
($640 million) in the modernization and reconstruction of the
country's gas infrastructure within five years, the spokesman said.
President Putin is due to arrive in Bishkek on Monday evening to hold
meetings with Kyrgyz President Almazbek Atambayev and his Tajik
counterpart Emomali Rahmon and attend an informal summit of the
Collective Security Treaty Organization (CSTO).
From: A. Papazian
© RIA Novosti. Ilya Pitalev
21:56 26/05/2013
BISHKEK, May 26 (RIA Novosti) - Kyrgyzstan's government has approved
an agreement between Bishkek and Moscow on the sale of the country's
national gas company to Russian energy giant Gazprom, a Kyrgyz
government spokesman said on Sunday.
The agreement on the sale of Kyrgyzstan's debt-ridden company
Kyrgyzgas for a nominal price of $1 was reached during Russian
President Vladimir Putin's visit to Bishkek in late 2012. The Kyrgyz
gas operator has debts of $38 million.
Gazprom has been offered to buy 75 percent of Kyrgyzgas. The Russian
energy giant said earlier it was willing to buy a 100 percent stake in
the Kyrgyz company.
The deal to buy Kyrgyzgas would allow Gazprom to start prospecting and
developing the Mailuu-Suu-IV and Kugart gas deposits in southern
Kyrgyzstan.
This would allow the impoverished ex-Soviet republic to meet domestic
demand for 500 million cubic meters of gas a year. Gas remains the
main heating fuel for domestic use in the Kyrgyz capital Bishkek and
the surrounding area.
Kyrgyzstan currently does not produce natural gas and is wholly
dependent on imports from Kazakhstan and Uzbekistan.
Under the agreement, Gazprom is to invest at least 20 billion rubles
($640 million) in the modernization and reconstruction of the
country's gas infrastructure within five years, the spokesman said.
President Putin is due to arrive in Bishkek on Monday evening to hold
meetings with Kyrgyz President Almazbek Atambayev and his Tajik
counterpart Emomali Rahmon and attend an informal summit of the
Collective Security Treaty Organization (CSTO).
From: A. Papazian