The project provides for the construction of a up-to-date gas-chemical complex with the capacity of 6 billion cubic meters, the first phase of which is set for commissioning in 2010.
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LUKoil Signs PSA with Uzbekneftegaz
Annual gas production is expected to peak at ...
Russia?s oil major LUKoil and the government of former Soviet republic Uzbekistan signed a 35-year PSA-agreement on the development of Kandym-Khausak-Shady project jointly with Uzbek oil firm Uzbekneftegaz. The first commercial production of natural gas is expected to begin in 2007.
Annual gas production is expected to peak at about 9 billion cubic meters, while cumulative output may reach 207 bcm.
LUKoil will hold 90 per cent interest, and Uzbekneftegaz will obtain 10 per cent share.
The project provides for the construction of a up-to-date gas-chemical complex with the capacity of 6 billion cubic meters, the first phase of which is set for commissioning in 2010.
The project provides for the construction of a up-to-date gas-chemical complex with the capacity of 6 billion cubic meters, the first phase of which is set for commissioning in 2010.
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