UzGasTrade establishes in Uzbekistan
21/06/2022 19:30
UzGasTrade establishes in Uzbekistan
21/06/2022 19:30
Tashkent, Uzbekistan (UzDaily.com) – Resolution of the President "On additional measures to reform the natural gas market" was adopted.
The document established the UzGasTrade joint-stock company, which performs the functions of purchasing and selling natural gas in a centralized manner.
Also, Uztransgaz is defined as a single operator of the main gas transmission system, specialized in the transportation, storage and transit of natural gas.
From 1 August 2022, UzGasTrade JSC performs the following functions:
purchases of natural gas from producers of the republic as a single operator of the state at prices approved by the Interdepartmental Tariff Commission, and in a centralized manner, gas from external sources;
sales of natural gas by Khududgaztaminot JSC and consumers connected to the main gas transmission system on the basis of direct contracts, including a single exporter, except for cases provided for by decisions of the President.
The resolution established that:
the authorized capital of UzGasTrade JSC is formed at the expense of part of the subsidies allocated from the State budget;
all rights and obligations under existing receivables and payables related to the purchase of natural gas and its sale on the domestic market, as of August 1, 2022, remain with Uztransgaz JSC;
from 1 August 2022, the rights and obligations of Uztransgaz JSC under contracts and agreements on the purchase and sale of natural gas, including production sharing, are transferred to UzGasTrade JSC;
when forming the authorized capital of UzGasTrade JSC, the assessment of property by an appraisal organization is not required.
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