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Gazprom OJSC to audit gas industry of Kyrgyzstan    

11/04/14 07:33, Bishkek – 24.kg news agency, by Julia KOSTENKO

Gazprom OJSC will conduct an audit of gas industry in Kyrgyzstan. The press service of the Energy and Industry Ministry informed.

It is noted that the Russian side is going to conduct diagnostic and audit activities in gas industry. Gazprom activities will be carried out under strict supervision of its chairman in accordance with the law. Moreover, an additional social package will be formed and wages for workers will be increased. The exploitation of Kugart field will start in the near future. In view of complex systemic modernization of gas supply there was written a strategy for development of gas industry of the Kyrgyz Republic till 2030.

Recall, yesterday, on April 10, the contract of sale of Kyrgyzgas for $1was signed. Gazprom OJSC guarantees investments in modernization and reconstruction of Kyrgyz gas infrastructure in the amount of no less than 20 billion roubles. At the same time, Russian party takes responsibilities for development and modernization of equipment of gas main pipelines, compliance with tariff policy, approved by the Kyrgyz Government in accordance with the legislation, uninterrupted and guaranteed supply of natural gas to consumers of the republic taking into the account technical capabilities and conditions for transit of natural gas to the republic.

Kyrgyzstan, for its part, guarantees the company an exclusive right to import of natural gas to consumers of the KR, non-interference of state bodies in setting tariffs for gas transportation to the territories of third countries, as well as protection of Gazprom and its affiliates investments from expropriation and nationalization.

The agreement was concluded for 25 years with an automatic renewal for five-year periods. Earlier it was reported that Gazprom OJSC promises to reduce the price of natural gas for consumers after the sale of Kyrgyzgas.


URL: http://www.eng.24.kg/economics/168860-news24.html
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Centerra share value
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(TSX) on 27.12.13
USD 3,90
GOLDEN RESERVE
Value of Kyrgyzstans shares in Centerra
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National Bank of Kyrgyz Republic
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«I always said to the heads of my administration: just do not steal. God gave me the money. Much money. Come to me, tell, I will give. But do not steal».
Almazbek Atambayev, speaking at informal meeting with journalists, July 27, 2015

«One hundred percent of laws in the Parliament are written in US funds. We can’t buy even paper by ourselves».
Kyrgyz MP Ravshan Zheenbekov, speaking at \"Prospects for future relations between Kyrgyzstan and the United States against the backdrop of denunciation of the cooperation agreement\" round table, July 24, 2015
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