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Two gas distributing companies merge in Kazakhstan

Oil&Gas Materials 16 August 2014 10:45 (UTC +04:00)
Kazakh Aktaugasservis gas distributing company merged with Kazakh KazTransGaz Aimak
Two gas distributing companies merge in Kazakhstan

Baku, Azerbaijan, Aug. 12

By Elena Kosolapova - Trend:
Kazakh Aktaugasservis gas distributing company merged with Kazakh KazTransGaz Aimak, the latter company reported.

Following the merger KazTransGas Aimak will become the only gas operator in Kazakh Mangistau region.

Such a decision was made by Kazakh National Company KazTransGas which is the only shareholder of the both companies on August 8.

KazTransGaz Aimak is Kazakhstan's state-owned near-monopoly engaged in domestic natural gas transportation and distribution. KTGA purchases natural gas from domestic producers and resells it to domestic consumers.

Aktaugasservis established in 2004 worked as a gas operator in the city of Aktau and Munaylinsk district of Mangistau region.

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