Alexey Miller and Uzbek Deputy Prime Minister Gulomzhon Ibragimov see bright prospects for cooperation
The parties noted that there were bright prospects for bilateral cooperation, addressing the priority goals in the implementation of the documents signed in early April 2017 in the presence of Vladimir Putin, President of the Russian Federation, and Shavkat Mirziyoev, President of the Republic of Uzbekistan. Particular attention was paid to the joint efforts with regard to geological exploration and engineering & innovation activities.
Gazprom’s main partner in Uzbekistan is Uzbekneftegaz National Holding Corporation focused on oil and gas prospecting, production, processing, transportation, storage, and marketing.
In 2002, Gazprom and Uzbekneftegaz signed the Agreement of Strategic Cooperation providing for Gazprom's participation in natural gas production projects within Uzbekistan under PSA conditions.
In 2006, Gazprom and Uzbekneftegaz inked the Agreement on the basic principles of geological surveys at investment blocks in the Ustyurt region of Uzbekistan.
On April 5, 2017, Gazprom and Uzbekneftegaz signed the contract for 4 billion cubic meters of Uzbek gas to be purchased by Gazprom annually in the period of up to 5 years starting from 2018, the Agreement on joint geological exploration and engineering & innovation work, and the Agreement of Cooperation in the area of staff training and retraining.
In 2016, Gazprom purchased around 6.2 billion cubic meters of natural gas from Uzbekistan.