BISHKEK, Kyrgzstan - An agreement to buy 100
percent shares of Kyrgyz national gas operator KyrgyzGas by the Russian
energy giant Gazprom was signed on Thursday.
The head of KyrgyzGas, Turgunbek Kulmurzayev and Gazprom CEO, Alexei Miller signed the document in Kyrgyz capital Bishkek. Gazprom purchased KyrgyzGas for a symbolic price of one U.S. dollar.
“The symbolic price of one dollar for the sale of KyrgyzGas has been widely criticized,” Kyrgyz President Almazbek Atambaev said after the signing, adding that, “However, Gazprom will be responsible for KyrgyzGas’ debt of US$40 million and will additionally invest US$600 million in the energy sector in Kyrgyzstan.”
The head of KyrgyzGas, Turgunbek Kulmurzayev and Gazprom CEO, Alexei Miller signed the document in Kyrgyz capital Bishkek. Gazprom purchased KyrgyzGas for a symbolic price of one U.S. dollar.
“The symbolic price of one dollar for the sale of KyrgyzGas has been widely criticized,” Kyrgyz President Almazbek Atambaev said after the signing, adding that, “However, Gazprom will be responsible for KyrgyzGas’ debt of US$40 million and will additionally invest US$600 million in the energy sector in Kyrgyzstan.”