Lukoil plans to boost Uzbekistan gas output to 16 bcm/year by 2020
Russian energy major Lukoil said on Saturday it planned to boost its gas output in Uzbekistan to as much 16 billion cubic metres (bcm) per year by 2020, from 9 bcm that it planned to produce in 2017.
It said that by 2020 it expected to produce 8 bcm per year at the Kandym group of fields, 5 bcm per year at Gissar project and 3 bcm per year at Khauzak field per year in the Central Asian country.
Lukoil produced 25 bcm of natural gas in 2016 over all its assets, including Russia and Central Asia.
In August, Lukoil said it had launched main production and processing facilities at its South-West Gissar project, allowing it to increase gas production to 5 bcm per year.
Lukoil’s investments in Uzbekistan will total to $1.5 billion in 2017.
Source: Reuters (Reporting by Olesya Astakhova Writing by Denis Pinchuk; Editing by Edmund Blair)