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LUKOIL increases gas production in Uzbekistan by 67%

Lukoil, produced 67 % more gas in 2018 in Uzbekistan than in 2017.

LUKOIL increases gas production in Uzbekistan by 67% LUKOIL increases gas production in Uzbekistan by 67%


Tashkent, February 8 - Neftegaz.RU. Lukoil produced 67 % more gas in 2018 in Uzbekistan than in 2017.

 

As the company notes, in 2018, Lukoil produced 33.5 billion m3 of gas, which is 16 % more compared to the previous year. The main factor in the growth of gas production is the projects' development in Uzbekistan.

 

By 2020, the company intends to increase gas production in Uzbekistan to 18 billion m3. «By that time, the company's investment in Uzbekistan will reach $ 8 billion», the report says.

 

Thanks to the launch of new gas treatment facilities, the production of Kandym and Gissar projects in 2018 increased to 13.4 billion m3, which is 67 % more than in 2017. The Kandym gas processing complex, built by LUKOIL for $3,4 billion 400 million, was put into operation on April 19, 2018.

 

Diplomatic relations between Russia and Uzbekistan were established on March 20, 1992. The trade turnover between Russia and Uzbekistan in 2018 increased by 21 % to $5.7 billion. Uzbekistan is one of Russia's leading economic partners in the post-Soviet space.

 

Source : Neftegaz.RU