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Uzbekistan and Gazprom postpone signing of second PSA – source
Tashkent, Uzbekistan (UzDaily.com) --
The Government of Uzbekistan and Russia’s Gazprom postponed signing of the product sharing agreement on developing gas condensate field Djel at Ustyur plateau to the beginning of summer 2015, RIA Novosti reported quoting source, close to negotiations.
The source said that the sides are holding negotiations and they are agreeing terms of the agreement. The PSA can be signed in the end of May or June.
Gazprom reported that it completed geological exploration at Ustyurt region of Uzbekistan with the cost of US$400 million in February 2012 and said that it is planning to expand raw base of its projects in Uzbekistan.
In November 2014, the intergovernmental commission on economic cooperation between Uzbekistan and Russia entrusted the sides to sign PSA on Djel by 1 March 2015.
If the sides sign the PSA, it will be the second PSA of Gazprom in Uzbekistan. In August 2015, Gazprom started to extract natural gas as Shakhpakhti field in Ustyurt with the designed capacity of 500 million cubic meters of gas a year. The PSA on Shakhpakhti field was signed for 15 years. So far, Gazprom extracted 3 billion cubic meters of gas at this field.
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