Strategic partnership between Gazprom and Kyrgyzstan to boost socioeconomic development of Republic
Bishkek hosted today a meeting between Gazprom's Management Committee Chairman Alexey Miller and Kyrgyz President Almazbek Atambayev.
The parties addressed major cooperation initiatives in the oil and gas sector and noted that the comprehensive integration of the Kyrgyz energy sector into Gazprom Group would help solving several issues of national importance. In particular, a large-scale investment program aimed at the reconstruction and upgrade of gas transmission and distribution networks of the Republic will enhance the reliability of gas supplies to industrial and residential consumers in northern and central areas of Kyrgyzstan and will also make it possible to supply natural gas to the country's south.
In addition, the participants considered prospects for exploration activities and touched upon the issue of expanding the collaboration in petroleum products sales on the Kyrgyz market.
A focus was placed on the preparations for the heating season. It was noted that Gazprom would undoubtedly complete all the scheduled activities to secure unfailing gas supplies to Kyrgyz consumers during the forthcoming winter period.
Summarizing the meeting, Alexey Miller and Almazbek Atambayev expressed their confidence that the strategic partnership between Gazprom and Kyrgyzstan would reinforce the energy security of the Republic and, in addition, boost the Kyrgyz socioeconomic development for years to come.
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.