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Kazakhstan May Delay Deal With Gazprom Because of Crisis

The financial crisis could impel Kazakhstan to suspend a joint venture with Gazprom to process Central Asian natural gas

Kazakhstan May Delay Deal With Gazprom Because of Crisis

Kazakhstan's energy minister Sauat Mynbayev said on Monday that its country is to clarify a 2007 deal under which the two countries were expected to develop the Karachaganak deposit and to establish the joint venture based on the Orenburg gas processing plant.

"BG and AGIP - the partner companies in the Karachaganak project - have requested a delay in the third phase due to the current crisis," the energy and natural resources minister said, adding the decision would be made in the second half of 2009.

Author: Ksenia Kochneva


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