Kyrgyzstan redeemed a debt to Kazakhstan for gas consumed since 2004
PRESS-RELEASE. LLC «Gasprom Kyrgyzstan» redeemed a debt to the national operator JSC “KazTransGas” for total amount of 41.3 mln USD accumulated for delivery and unauthorized gas bleed within 2004-2014.
LLC «Gasprom Kyrgyzstan» redeemed a debt to the national operator JSC “KazTransGas” for total amount of 41.3 mln USD accumulated for delivery and unauthorized gas bleed within 2004-2014.
JSC “KazTransGas” within ten years faced with late payment for gas volumes on the Kyrgyz part. Dunning letters were forwarded to JSC “Kyrgyzgas”. They considered the issue of the repayment of a debt many times, also on intergovernmental level. At the beginning of 2008, JSC “KazTransGas” referred to the court with the action to JSC “Kyrgyzgas” on repayment of a debt. However, the debt amount has not been repaid since Astana Specialized Regional Economic Court passed the decision on May 13 2008.
In February 2014, Russian gas operator PJSC “Gazprom” after retiring 100% of JSC “Kyrgyzgas” shares became the owner of Kyrgyzstan gas operator’s shares. Owing to efforts of the national operator JSC “KazTransGas”, they managed to agree on repayment of a debt in the course of many meetings and negotiations with representatives of “Gazprom Kyrgyzstan”.
Today LLC “Gazprom Kyrgyzstan” totally fulfilled the contract terms by repaying the outstanding amount of 41.6 mln USD.