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Agreement Signed for Purchase of Uzbekistan Gas

Source: www.gulfoilandgas.com 12/24/2012, Location: Asia

Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, the Gazprom delegation paid a working visit to the Republic of Uzbekistan.

As part of the visit, Alexander Medvedev and Shokir Faizullaev, Chairman of the Board of Uzbekneftegaz signed in the presence of Rustam Azimov, First Deputy Prime Minister of Uzbekistan a contract for the purchase of Uzbek gas by Gazprom and an Agreement for Gas Transmission via Uzbekistan over 2013 to 2015.

Moreover, the parties agreed to set up a joint working group for elaborating a new long-term Agreement of Strategic Cooperation between Gazprom and Uzbekneftegaz.

The Agreement of Strategic Cooperation in the gas industry between Uzbekneftegaz and Gazprom was signed on December 17, 2002. In particular, the Agreement provides for long-term procurement of Uzbek gas between 2003 and 2012, Gazprom's participation in natural gas production projects in the Republic of Uzbekistan on the PSA terms as well as cooperation aimed at the Uzbek gas transmission infrastructure development and Central Asian gas transmission through the Republic.

In the framework of the Agreement of Strategic Cooperation, gas purchase contracts and Agreements for natural gas transmission via Uzbekistan were concluded at different times. The documents are valid through December 31 of the current year.

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