28/03/2019

Press release: Roadmap signed on Gazprom’s participation in acquisition of Kyrgyzneftegaz property and assets

Alexey Miller, Chairman of the Company’s Management Committee, and Kubatbek Boronov, First Deputy Prime Minister of the Kyrgyz Republic, signed today in Bishkek the Roadmap on the participation of Gazprom in the acquisition of the property and assets of Kyrgyzneftegaz.

The signing ceremony was attended by Vladimir Putin, President of the Russian Federation, and Sooronbay Jeenbekov, President of the Kyrgyz Republic.

The roadmap outlines the mutual obligations of the parties and a plan for further actions. In particular, it is planned to carry out an evaluation of the company and prepare a financial feasibility assessment of the deal.

Also today, a working meeting took place between Alexey Miller and Sooronbay Jeenbekov. The parties discussed ongoing issues and cooperation prospects. The Kyrgyz President praised Gazprom’s efforts in developing the country’s gas transmission system and expanding its gas grid coverage. It was noted that full-scale construction work of new inter-settlement and distribution pipelines is currently underway.

Another focus of the meeting was cooperation in the NGV sector. It was stressed that the wider use of natural gas as a vehicle fuel could improve environmental conditions in the Kyrgyz Republic.

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