News

26 May 2018

Gazprom and Uzbekneftegaz note positive dynamics of cooperation

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan, Chairman of the Board of Directors of Uzbekneftegaz, took place today at the St. Petersburg International Economic Forum 2018.

The meeting participants noted the positive dynamics of cooperation in the gas sector, discussing the current status of joint work and further plans for hydrocarbon exploration and production in Uzbekistan. In this regard, the parties touched upon, inter alia, the Supplementary Agreement No. 2 to the Production Sharing Agreement for the follow-up development of the Shakhpakhty field signed the day before.

In addition, the meeting participants addressed joint efforts in the development of Uzbekistan’s gas transportation infrastructure, underground gas storage in the country, sci-tech cooperation, and staff training and retraining.

 

Background

In 2017, Gazprom purchased 5.5 billion cubic meters of natural gas from Uzbekistan.

Gazprom’s main partner in Uzbekistan is Uzbekneftegaz (prior to July 2017 – Uzbekneftegaz National Holding Corporation) focused on oil and gas prospecting, production, processing, transportation, storage and marketing.

In 2006, Gazprom and Uzbekneftegaz inked the Agreement on the basic principles of geological exploration at investment blocks in the Ustyurt region of Uzbekistan.

In 2017, the companies signed the Agreement of Strategic Cooperation.

On May 25, 2018, Gazprom and Uzbekneftegaz signed the Supplementary Agreement No. 2 to the Production Sharing Agreement for the follow-up development of the Shakhpakhty field. According to the document, the parties will continue to produce gas until 2024.

Shakhpakhty is a gas and condensate field discovered in 1962 in the southeastern part of the Ustyurt plateau in Uzbekistan.

 

Source: http://www.gazprom.com/press/news/2018/may/article432038

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