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ANPR sued TengizChevroil for dumping gas prices

18 may 2011, 15:19
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Sauat Mynbayev. Photo by Yaroslav Radlovsky©
Sauat Mynbayev. Photo by Yaroslav Radlovsky©
Kazakhstan Agency for Natural Monopolies Regulation (ANPR) is at law with TengizChevroil (TCO) for dumping prices of gas delivered to Kazakhstan's local market, KazTAG reports citing Minister of Oil and Gas Sauat Mynbayev.

“TCO does not have contractual obligations to supply gas to the local market. It may export 100% percent of its gas. However, we agreed with TCO that it will give a 10-15 percent discount from its export price and this discounted gas will be supplied to the Kazakh local market. TCO had been doing as agreed for some time before the ANPR initiated a case against the company for dumping the price. They are currently in litigations with each other,” Mynbayev said at the government sitting answering to the request of Akim (Governor) of Kostanai oblast Sergey Kulagin to help resolve the issue around liquefied gas supplies for the sowing campaign. According to the Akim, the oblast has been trying in vain to get liquefied gas for the last 1.5 months.

“TCO says: 'This was already a courtesy on our part to provide a discount for the local market. Why are you suing us now?' In this sense we need a certain extent of coordination between the state authorities; and it is not wise to always follow the principle of suing everyone,” the Minister said.

Prime-Minister Karim Massimov instructed to arrange a separate meeting on this issue. “It is our fault; we have created the problem,” he said.

Earlier Tengrinews.kz English reported that significant raise of gas prices is possible in several regions of Kazakhstan by 2015. Chairman of Samruk Kazyna Sovereign Wealth Fund Timur Kulibayev said that Atyrau, Uralsk, Aktobe and Aktau cities might face the prices raise.

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