September 3, 2008

Russia, Uzbekistan Reach Agreement on New Natual Gas Pipeline

Russia, Uzbekistan reach agreement on new natual gas pipeline

ALMATY, Sept. 2 (Xinhua) -- Russia and Uzbekistan agreed Tuesday to build a new natural gas pipeline through Uzbekistan to export Turkmen and Uzbek natural gas, said news reaching here Tuesday from Tashkent, the Uzbek capital.

The two countries have agreed on joint construction of the pipeline to meet the challenge of increasing gas export from Turkmenistan and Uzbekistan, said visiting Russian Prime Minister Vladimir Putin after talks with Uzbek President Islam Karimov.

Relevant documents would hopefully be signed recently and the two countries also agreed on a European gas pricing formula for the purchase of Uzbek gas, Putin said.

Natural gas produced in the central Asia is currently sent to Russia via a pipeline built in the Soviet era, which has become incapable of handling the increasing demands for gas exporting in the region in recent years, Karimov said.

A new pipeline running parallel with the 1974 Central Asia- Center pipeline network will not only conform with Uzbekistan's commercial interests, but also boost the Uzbek-Russian relations, said the president.

The pipeline project, upon completion, will form the biggest natural gas transmission network in central Asia.

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