Russia’s Gazprom, one of Europe’s largest energy companies, will invest $1.5b in Kyrgyzstan’s gas transport system before 2030, Energy Digital reported. One third would be invested within the next two years in a significant boost to the Kyrgyzstan’s gas infrastructure, said Russian Prime Minister, Dmitry Medvedev, following high-level talks in the country’s capital of Bishkek, The Moscow Times added.
Medvedev has been visiting Kyrgyzstan for a meeting of the Commonwealth of Independent States (CIS) heads of state, following on from talks with President Almazbek Atambayev and Prime Minister Sooronbay Jeenbekov.
The news follows the repeated frustrations between the nations regarding finance for hydropower projects, and will greatly enhance the energy infrastructure of the country while strengthening Eurasian economic ties, Business Review Europe wrote.
Alexei Miller, head of the Russian state energy company Gazprom, said earlier this year that the company was planning to invest more than $758m into different projects in Kyrgyzstan. The move was hoped to increase Kyrgyzstan’s access to gas from 20% of the country to 60%.