Today Tashkent has seen the finalization of the talks about the terms of natural gas purchases in Uzbekistan and gas transit via the territory of the Republic.

The parties agreed on tariff for gas transportation in 2008 and signed the relevant supplement to the Midterm Agreement.

The parties also agreed on the acquisition price of Uzbek gas in 2008 and signed a supplement to the Gas Supply Contract. The price of gas acquisition was set up in terms of the regional market.

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The National Holding Company Uzbekneftegaz and Gazprom signed an Agreement on strategic cooperation on 17 December 2002. In particular, the Agreement stipulates long-term procurement of Uzbek gas between 2003 and 2012, Gazprom’s involvement in natural gas production in Uzbekistan under the Production Sharing Agreement (PSA) terms as well as cooperation in developing Uzbekistan’s gas transmission infrastructure and channeling Central Asian gas via the Republican territory. Cooperation under the PSA terms (effective from 14 April 2004) while resuming gas production from the Sakhpakhty field is a joint pilot project in the gas extraction sector. Said project (0.5 bcm of annual extraction) opens way to implementing under the PSA terms a larger project on exploration and production of gas in Uzbekistan’s Ustyurt region.

On 5 February 2005 Gazprom and Joint-Stock Company Uztransgaz (an Uzbekneftegaz subholding) sealed a midterm Agreement on natural gas transmission via the Republic of Uzbekistan over 2006 to 2010, pursuing the objective of transporting Central Asian natural gas, primarily of Turkmen origins, by the Central Asia – Center (CAC) and Bukhara – Ural gas transmission networks running through Uzbekistan.