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Gazprom and Uzbekneftegaz note positive dynamics of cooperation

Background

In 2017, Gazprom purchased 5.5 billion cubic meters of natural gas from Uzbekistan.

Gazprom's main partner in Uzbekistan is Uzbekneftegaz (prior to July 2017 – Uzbekneftegaz National Holding Corporation) focused on oil and gas prospecting, production, processing, transportation, storage and marketing.

In 2006, Gazprom and Uzbekneftegaz inked the Agreement on the basic principles of geological exploration at investment blocks in the Ustyurt region of Uzbekistan.

In 2017, the companies signed the Agreement of Strategic Cooperation.

On May 25, 2018, Gazprom and Uzbekneftegaz signed the Supplementary Agreement No. 2 to the Production Sharing Agreement for the follow-up development of the Shakhpakhty field. According to the document, the parties will continue to produce gas until 2024.

Shakhpakhty is a gas and condensate field discovered in 1962 in the southeastern part of the Ustyurt plateau in Uzbekistan.

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