Lukoil to produce around four billion cubic meters of gas in Uzbekistan this year

Uzbekistan, Tashkent, June 25 / Trend D.Azizov /

Russia's LUKOIL JSC plans to produce up to four billion cubic meters of gas in 2013 in Uzbekistan, the company's President Vagit Alekperov said at an international economic forum in St. Petersburg.

According to him, till 2020, the company intends to increase gas production in Uzbekistan up to 17-18 billion cubic meters per year and this year up to 3.8 - 4 billion cubic meters.

In an interview on Russian television, Vagit Alekperov also said that JSC LUKOIL intends to supply gas to China.

"Currently LUKOIL is not directly exporting gas to China, we are working through NHC Uzbekneftegaz. The appearance of a second route enables the stability of gas supplies. The price in this direction is formed by the Uzbek side jointly with Chinese suppliers," Alekperov said.

As was reported earlier, currently the construction of the third branch of the Central Asia-China gas pipeline with the length of 318 kilometres from the Gazley district (Bukhara province) to the border with Kazakhstan is being carried out. Upon completion of construction, the capacity of the Uzbek section of the pipeline will increase from 30 to 40 billion cubic meters.

Introduction of a new stage of gas pipeline is scheduled for early 2014.

LUKOIL is currently involved in the implementation of three projects in Uzbekistan according to the conditions of production sharing agreements (PSAs). They are the Kandym-Khausak-Shady-Kungrad project, the mining of deposits in South-western Gissar, as well as carrying out exploration of the Uzbek part of the Aral Sea as a part of an international consortium.

To date the cumulative production of the Russian gas company in the country amounted to more than 15 billion cubic meters and the volume of investments to more than two billion. LUKOIL plans to increase production to 18 billion cubic meters of gas and the volume of investments up to five billion dollars by 2017 within the framework of the first two projects under the PSA.

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