The Parliament of Kyrgyzstan insists upon revision of the contract for Kyrgyzgaz transfer to Gazprom
3 parliament fractions and 2 committees of the Parliament of Kyrgyzstan have not supported ratification of the contract for the sale of Kyrgyzgaz to Gazprom for a nominal price of $1.
The intergovernmental agreement presupposing transfer to Gazprom of all assets of Kyrgyzgaz including gas pipelines, gas distribution stations, underground fuel storages etc. for $1 was signed in July 2013 in Moscow. Kyrgyzstan guaranteed the exclusive right of Gazprom for gas imports to Kyrgyzstan, and protection of its investment from expropriation and nationalization.
In its turn, the Russian side guaranteed investment to upgrading of gas infrastructure of the company at a rate of not less than 20 billion rubles within 5 years. By July 1, credit debt of Kyrgyzgaz was $40 million.