Russian Gazprom increases gas supplies to Kazakhstan by 10 percent in 2011

Oil&Gas Materials 18 January 2012 13:22 (UTC +04:00)

Azerbaijan, Baku, Jan. 18 / Trend E. Kosolapova /

Russian Gazprom increased gas supplies to Kazakhstan by 10 percent in 2011 compared to the gas volumes supplied in 2010, the company reported.

"Gazprom's Chairman of the Board Alexey Miller and Kazakhstan's Ambassador to Russia Zautbek Turisbekov stated in a working meeting about 10-percent growth in supplies of blue fuel to Kazakhstan by Gazprom in 2011 and good opportunities for continuing growth in gas supply in the future," the company said.

Moreover, the parties discussed the expansion of bilateral cooperation in exploration, production, transportation, processing and distribution of hydrocarbons, within Common Economic Space Russia, Belarus and Kazakhstan operating since Jan.1

"There was a general agreement that the Common Economic Space opens new opportunities for further large-scale energy partnership development of all its members and meets the strategic interests of the parties," Gazprom said.

Open Joint Stock Company Gazprom is the largest extractor of natural gas in the world and the largest Russian company. Its major business lines are geological exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power. Russian government holds a controlling stake in the company.