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Kyrgyzstan gas debt to Kazakhstan is complicated and growing

26 july 2012, 14:00
0
Tengrinews.kz stock photo
Tengrinews.kz stock photo
Kyrgyzstan is finding it hard to repay its natural gas debt to Kazakhstan, 24.kg writes citing the press-service of KyrgyzGas.

According to the press-service, KyrgyzGas is finding it hard to collect the debts from its domestic users of gas. “The industrial companies owe 111.2 million soms ($2.3 million), budget-funded companies owe 220.6 million ($4.6 million) and the population owes 90.7 million soms ($1.9 million). Major debtors include Kant Cement Factory, Kadamdzhai Stibial Plant, Mailuu-Syy Electric Lamps Plant, BishkekTeploEnergo, KyrgyzZhilKommunSoyuz,” the company states.

In May KyrgyzGas paid off the debt to KazTransGas for gas supplies in the amount of $2.5 million. Later KazTransGas, prolonged the contract to supply 70 million cubic meters of gas at $224 per one thousand cubic meters. The existing gas supply contract between Kazakhstan and Kyrgyzstan expired on May 1, 2012.

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