HomeFutures and CommoditiesUzbekistan starts talks with Gazprom for gas supply deals, focusing on medium...

Uzbekistan starts talks with Gazprom for gas supply deals, focusing on medium to long-term agreements.

Uzbekistan Initiates Negotiations for Gas Supply Contracts with Gazprom

Uzbekistan Begins Talks for Medium and Long-Term Gas Supply Contracts

Uzbekistan’s Energy Minister, Zhurabek Mirzamakhmudov, has announced that the country is in negotiations with Gazprom, a renowned Russian energy company, for medium and long-term gas supply contracts. This significant development was revealed during the official visit of Uzbekistan’s President, Shavkat Mirziyoyev, to Russia. The news was confirmed in a broadcast on the Uzbekistan 24 TV channel, highlighting the country’s commitment to bolstering its energy sector.

First Russian Gas Shipments Arrive in Uzbekistan

On October 1, the first shipments of Russian gas arrived in Uzbekistan, marking an important milestone in the energy collaboration between the two nations. This initiative was driven by the presidents of Russia, Vladimir Putin, Kazakhstan, Kassym-Jomart Tokayev, and Uzbekistan’s own Shavkat Mirziyoyev, showcasing their determination to strengthen regional energy cooperation. The gas is being transported through the Central Asia – Center gas pipeline system, ensuring a reliable supply for Uzbekistan.

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Two-Year Gas Purchase Agreement Signed

In June of this year, UzGasTrade JSC and Gazprom Export LLC signed a two-year gas purchase and sale agreement. The signing ceremony, attended by Mirzamakhmudov and Gazprom Chairman Alexei Miller, solidified the commitment to a stable gas supply between the two countries. Under the agreement, Uzbekistan will receive a daily supply of 9 million cubic meters (mcm) of gas, equivalent to nearly 2.8 billion cubic meters (bcm) annually, starting from the fourth quarter of 2023.

In an effort to prioritize transparency, it is important to note that this article was generated with the support of AI and reviewed by an editor. The intention is to provide readers with reliable information while adhering to our terms and conditions.

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