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Gazprom, KazMunayGaz On Gas Transport Deal

Russia's natural gas monopoly Gazprom and Kazakh gas producer KazMunayGaz struck a deal

Russia?s natural gas monopoly Gazprom and Kazakh gas producer KazMunayGaz have signed an agreement Friday for Russian and Central Asian gas transit through Russia?s territory.

Gazprom board chairman Alexei Miller said that the successful cooperation with Kazakh colleagues helped to strike a deal.

Uzakbai Karabalin, the president of KazMunaiGas, said: ?The agreement is for five years and allows the transit of Uzbek and Turkmen natural gas via Kazakhstan to be increased to 55 billion cubic meters from the current 47 billion.?