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Gazprom signs contract to buy Uzbek gas

Oil&Gas Materials 5 April 2017 20:15 (UTC +04:00)
Chairman of the Management Committee of the Russian company Gazprom Alexey Miller and Deputy Prime Minister of Uzbekistan Gulomjon Ibragimov signed a medium-term contract for the purchase of the Uzbek gas
Gazprom signs contract to buy Uzbek gas

Baku, Azerbaijan, Apr. 5

By Elena Kosolapova – Trend:

Chairman of the Management Committee of the Russian company Gazprom Alexey Miller and Deputy Prime Minister of Uzbekistan Gulomjon Ibragimov signed a medium-term contract for the purchase of the Uzbek gas, Gazprom said in a message April 5.

This is the first medium-term contract for the supply of the Uzbek gas to Russia, as earlier contracts were concluded for a short period.

The contract was signed during the visit of Uzbekistan’s President Shavkat Mirziyoyev to Moscow.

The document envisages the purchase of four billion cubic meters of gas per year, for five years starting from 2018.

In addition, Gazprom signed an agreement with Uzbekistan’s Uzbekneftegazto jointly carry out exploration and organize engineering work.

Under the agreement, the sides will explore new prospective blocks in the Uzbek territory and analyze options for establishing cooperation in engineering. The companies also signed an agreement on cooperation in personnel training and retraining.

Gazprom bought about 6.2 billion cubic meters of the Uzbek natural gas in 2016.

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