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December 26, 2005

On Alexey Miller and Felix Kulovís working meeting

A working meeting between Alexey Miller, Chairman of Gazpromís Management Committee and Felix Kulov, Prime Minister of the Kyrgyz Republic, has been held today at Gazpromís Headquarters.

The parties looked into potential joint businesses within a long-term Agreement on cooperation in the oil & gas industry between Gazprom and the Kyrgyz Republic, touching upon matters relative to the progress in natural gas exploration & production as well as upgrading of existing and construction of new gas transmission capacities in the Kyrgyz Republic.


Gazprom and the Government of the Kyrgyz Republic signed a 25-year Agreement on cooperation in the gas industry on 16 May 2003.

In particular, the Agreement stipulates:

∑ Exploration and development of hydrocarbon fields in the Kyrgyz Republic;

Upgrading, construction and operation of gas mains and other gas infrastructure facilities of the Kyrgyz gas complex;

Gas transmission and delivery while implementing joint projects.

The Agreement also calls for joint rehabilitation of compressor stations at the Mailu-Suu UGS facility and supply of equipment needed for the Kyrgyz gas complex.

In January 2004, Gazprom and the Kyrgyz Republic approved a Plan of paramount activities of Gazprom and the Government of the Kyrgyz Republic aimed at the above mentioned Agreement implementation. The Plan determines the scope and timetable of joint works and types of cooperation when upgrading, constructing and operating gas transportation facilities; jointly exploring and developing fields and rendering various services to the Kyrgyz side.

Kyrgyziaís natural gas reserves are estimated at 6 bcm. The Republic faces certain difficulties in developing its gas fields due to their geological complexity and the insufficiently developed gas infrastructure. Kyrgyzia annually produces some 30 million m? of natural gas and plans to build its annual production up to 40 million m? in 2010.

With its share in the domestic fuel and energy basket exceeding 30 per cent, natural gas is used in Kyrgyziaís residential (42 per cent), industrial and power generation (58 per cent) sectors. Consumed by an average of 700 mln m?/y, gas is mainly imported from Uzbekistan.




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