Gazprom to Invest $495 mn in Kyrgyzstan Gas Infrastructure

Gazprom plans to develop gas infrastructure in Kyrgyzstan and increase domestic gasification from 22 to 60 per cent by 2030.

To implement the plan the Russian firm is looking to invest approximately 34 billion roubles ($495 million) during 2015-2017, Gazprom said in statement last week.

The issues were discussed during a meeting in Bishkek on Friday attended by Alexey Miller, Chairman of the Gazprom Management Committee with Almazbek Atambayev, President of Kyrgyzstan and Djoomart Otorbaev, Prime Minister of the Republic.

Gazprom envisages a large-scale reconstruction and upgrade of Kyrgyz gas transmission network as well as underground gas storages and distribution facilities. The scheme provides for constructing gas distribution capacities for gas shipments to southern regions of the country as well as for autonomous gasification of individual regions.

On April 10, 2014 Gazprom and Kyrgyzgaz signed the Sales and Purchase Agreement for a 100 per cent stake of KyrgyzgazProm (renamed Gazprom Kyrgyzstan), a wholly-owned subsidiary of Kyrgyzgaz. Gazprom Kyrgyzstan is an exclusive importer of natural gas to Kyrgyzstan and the owner of the domestic gas transmission and distribution systems.