Gazprom to Invest $300 Million in Central Asia Gas Exploration

Gazprom is ready to invest $300 million in gas exploration in Kyrgyzstan, according to ITAR-TASS news agency.

Kyrgyz Prime Minister Igor Chudinov announced Gazprom's plans for exploration in his region on Feb. 13. Chudinov did not mention when Gazprom would proceed with the exploration, nor did he comment on other plans.

The Kyrgyz Republic is located in Central Asia. In the past, Kyrgyzstan has depended on Uzbekistan for gas imports.

Kyrgyzstan has an estimated 200 Bcf in proved gas reserves.