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Atambayev makes three conditions for Kyrgyzgas privatization

December 24, 2012, 10:24 UTC+3
Official Bishkek offers Gazprom to buy out the 75 percent state stake of the Kyrgyzgas company for one dollar only
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BISHKEK, December 24 (Itar-Tass) — President of Kyrgyzstan Almazbek Atambayev has made three conditions to Gazprom for privatization of Kyrgyzgas, he stated here on Monday at a press conference.

"First, our republic must be supplied with gas all the year round without interruptions," he said. "Second, it must be cheaper than we now buy from Kazakhstan and Uzbekistan. And third, Gazprom must invest in the Kyrgyzgas infrastructure development 500 million dollars.”

Besides, the head of the state considers still another condition must be geological prospecting and exploration by the Russian major company in the territory of the republic, so that in the future "we possess gas of our own.”

Official Bishkek offers Gazprom to buy out the 75 percent state stake of the Kyrgyzgas company for one dollar only, the Kyrgyzgas deputy Director General Kuralbek Naskeyev stated earlier these days. In his words such an offer is connected with the fact that the Kyrgyz energy industry has gebts, which, according to various estimates, amount to 20–38 million dollars.

One expects the decision on Kyrgyzgas privatization by the Russian company will be made in the several months to come.

 

 

 

 

 

 

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