Gazprom to supply gas to over 60% of Kyrgyzstan
Edited by Rhod Mackenzie / 2015-08-28 10:28:45
In the framework of the strategic partnership with Kyrgyzstan, Gazprom will supply gas to over 60% of the country, the country's President, Almazbek Atambayev said on Friday.
In April 2014, an agreement on purchase of 100% of the shares of the Kyrgyz national gas operator KyrgyzGaz by Russian Gazprom at a symbolic price of $1 was signed. Under the agreement, all assets and debts of KyrgyzGaz were transferred to Gazprom. "The Russian side ensured investments in the modernization of the gas infrastructure of Kyrgyzstan in the amount of not less than 20 billion rubles over five years, later the investment plans grew to 34 billion rubles.