Showing posts with label distribution stations. Show all posts
Showing posts with label distribution stations. Show all posts

Thursday, April 10, 2014

Gazprom buys KyrgyzGaz for US$1. -Gazprom will be responsible for KyrgyzGas’ debt of US$40 million

KyrgyzGaz
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.”

Tuesday, February 04, 2014

Russia OKs Purchase of Kyrgyz Gas Company for $1

MOSCOW, February 4 (RIA Novosti) – Russian President Vladimir Putin signed a law Tuesday to ratify a deal with Kyrgyzstan to buy the former Soviet republic’s debt-ridden natural gas monopoly for $1.
Kyrgyzstan’s parliament approved the deal in December to hand Moscow control over the strategic asset in exchange for a guaranteed supply of natural gas.
Under the agreement, Russian energy giant Gazprom will gain control over pipelines, gas distribution stations and underground storage facilities owned by Kyrgyzgaz.
Kyrgyzstan will also have a right to buy back Kyrgyzgaz assets in 25 years.

EL News