Gazprom Message Board - Msg: 20229398

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Gold/Mining/Energy : Gazprom

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To: Copperfield who started this subject	6/17/2004 7:59:56 AM
From: Copperfield	of 45

Gazprom needs investments in Uzbekistan RosBusinessConsulting. Thursday, Jun. 17, 2004, 3:26 PM Moscow Time Investments in the Uzbekistani economy are important to diversify the resource portfolio of Gazprom, Deputy Chairman of the Executive Board of the company Yury Komarov told journalists at a briefing today. Investments in the country might reach over $1bn, but Gazprom plans to invest these funds in the long term, Komarov announced. According to him, initial Gazprom investments will total $300m. This amount is needed to develop the Shakhpaty field and some other northern Uzbekistani fields. The company plans to reach a 500bn-cubic-meter target of gas delivery from these fields at the end of this year or at the beginning of 2005. Production from the fields is estimated at 5-6bn cubic meters of gas per year.

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