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NEWS

Gazprom completely stopped buying gas in Uzbekistan

www.uzdaily.com/en
7 October 2020

Gazprom has stopped buying natural gas in Uzbekistan since the beginning of 2020 (at least until the end of June), according to the memorandum of a new issue of Gazprom’s Eurobonds, based on data for the first 6 months of 2020, INTERFAX reported.

Meanwhile, in 2019, Gazprom bought 7.6 billion cubic meters of gas in Uzbekistan (including 3.3 billion cubic meters of gas in the first half of the year), 6.7 billion cubic meters in 2018 and 7.2 billion cubic meters in 2017, reminds the document.

In the first half of this year, Gazprom increased its gas purchases in Turkmenistan - from 1.2 billion cubic meters. m in the first six months of 2019 to 1.7 billion cubic meters. m. Purchases in Kazakhstan decreased from 5.4 billion cubic meters. m up to 4.1 billion cubic meters. m.

In total for six months, Gazprom’s purchases of gas in Central Asia fell from 9.9 billion cubic meters. m up to 5.8 billion cubic meters. m for January-June 2019.

The only comment this year from Gazprom came at the end of April, when demand in the global market collapsed dramatically due to restrictive measures amid the coronavirus pandemic. Head of Department 512 Gazprom Dmitry Khandoga provided an answer in which he allowed maneuvers with purchases of Central Asian gas. By this time, Gazprom had not purchased Uzbek gas for four months.

LUKOIL also announced a decrease in gas production in Uzbekistan following the results of the first quarter. This was due to a decrease in demand for Uzbek gas in China amid the pandemic. In June, the Russian company’s production declined to about 40% of its design capacity, and in August it completely stopped production at one of the projects and stopped exporting gas from Uzbekistan to China.