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Banking

Kazakhstan wants Gazprom to pay higher gas transit tariffs.

Kazakhstan wants Gazprom to pay higher gas transit tariffs. Energy minister Baktykozha Izmukhambetov stated that KazTransGas (a subsidiary of national oil & gas holding) is in talks with Russian Gazprom on possible gas transportation tariffs hike. Izmukhambetov explained that such negotiations are conducted every year. Presently, Gazprom pays USD 1.1 per 1,000 m 3 per 100km. Kazakhstan propose tariff to stand at USD 1.6 per 1,000 m 3 per 100km. Earlier, KazTransGas stated that it wants to increase revenues from transit by at least 30% to KZT 18.6bn (USD 140mn). The Russian company transfers through Kazakh territory gas from Turkmenistan and Uzbekistan . As we reported, Gazprom and KazMunayGas signed an agreement on increasing transit of Uzbek and Turkmen gas to 55bn m 3 per annum. Presently, the Kazakh company works on increasing the capacity of its transit system to this volume.

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