The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Almazbek Atambayev, President of the Kyrgyz Republic, Gazprom says.
The parties addressed the status of cooperation in the oil and gas sector, particularly the prospects for joint activities in hydrocarbon exploration and production, wholesale and retail energy market development, as well as natural gas transmission and distribution in the Kyrgyz Republic.
Special attention was paid to Gazprom's acquisition of a 100 per cent stake in Kyrgyzgaz. It was noted that Gazprom's activities in the Republic across the whole production chain from hydrocarbon exploration to distribution as well as investments in the development of energy facilities would bring the Kyrgyz fuel and energy sector to a fundamentally new level.
The proven natural gas reserves in the Kyrgyz Republic are estimated at 6 billion cubic meters. The development of gas fields is hindered by the geologic peculiarities and insufficiently developed infrastructure. The domestic production of natural gas in the Republic averages 20 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.
Kyrgyzgaz is the company dealing with natural gas acquisition, transmission and distribution to Kyrgyz consumers.