Alexey Miller: The Gazprom Kyrgyzstan team will solve the paramount tasks of improving gas supplies to the Republic
The parties addressed the issues of the company's integration into Gazprom Group, particularly streamlining Gazprom Kyrgyzstan's organizational structure with regard to procedures applied in Gazprom. It was pointed out that at the moment the Articles of Association of the subsidiary company were approved and the Board of Directors was elected.
The meeting participants also touched upon the progress with a number of production, marketing, financial & economic and social activities at Gazprom Kyrgyzstan.
“The paramount task of Gazprom Kyrgyzstan today is to operate safely during the winter heating season. We earmarked extra funds to get ready for winter and lowered prices of the gas purchased on the border with Kazakhstan. We are also looking into the possibility of increasing liquefied hydrocarbon supplies to the southern parts of the Republic. In mid-term, we face the challenge of arranging gas supplies to the southern Kyrgyzstan and we consider six options of laying the North-South gas pipeline; exploration works will also be intensified across the Republic. In long-term, we will stick to the General Gasification Scheme for Kyrgyzstan till 2030 and we will finish it by this year end.
The Gazprom Kyrgyzstan team will be focused on solving the paramount tasks to improve gas supplies to hundreds of industrial facilities and thousands of households in the Republic.
For Gazprom Kyrgyzstan, its merger with Gazprom will result in higher performance and better social security to the employees,” said Alexey Miller at the meeting.
On April 10, 2014 Gazprom and Kyrgyzgaz signed the Sales and Purchase Agreement for a 100 per cent stake of KyrgyzgazProm, a wholly-owned subsidiary of Kyrgyzgaz. In July 2014 KyrgyzgazProm was renamed Gazprom Kyrgyzstan.
Gazprom Kyrgyzstan is an exclusive importer of natural gas to Kyrgyzstan and the owner of gas transmission and distribution systems of the Republic.
In 2007 Gazprom and the Kyrgyz Republic Government signed the Agreement on the common principles for the geological survey of subsurface resources. Under the document, Gazprom obtained two subsurface use licenses for the Kugart and Eastern Mailu-Suu IV blocks.
Kyrgyzstan's proven natural gas reserves are estimated at 6 billion cubic meters. The domestic gas production averages 30 million cubic meters per annum. Gas consumption makes up some 300 million cubic meters per annum, 90 per cent of which is imported from Uzbekistan and Kazakhstan.