Tethys Gas Sales Contract

Source: www.gulfoilandgas.com 12/12/2016, Location: Asia

Tethys Petroleum Limited (TPL)announces that Intergas Central Asia ("ICA"), the Kazakh State-owned gas transportation company has notified the Company's wholly owned subsidiary in Kazakhstan, Tethys Aral Gas LLP ("TAG"), that it intends to continue accepting gas produced by TAG under the existing gas sales contract ("Gas Contract") and gas supply by TAG to ICA recommenced on December 9, 2016.

ICA had previously announced its intention to cancel the Gas Contract and stopped accepting gas from TAG on October 18, 2016. The Company contested the grounds for cancellation of the Gas Contract and has been in discussions with ICA and Government officials since that time regarding such matters and is pleased that they have now been resolved amicably and to the satisfaction of all parties. The Company wishes to acknowledge the valuable assistance provided by its new investors and strategic in-country partners in Kazakhstan in facilitating these discussions.

TAG has taken advantage of this period of gas production downtime to conduct important routine maintenance and individual well performance analysis which would not otherwise have been possible.


United Kingdom >>  8/9/2022 - Centrica and Delfin Midstream Inc. announced the signing of a Heads of Agreement to purchase 1.0 million tonnes per annum (MTPA) of Liquefied Natural ...
Australia >>  8/8/2022 - Beach Energy (BPT, Beach) is pleased to confirm finalisation and signing of the LNG Sale and Purchase Agreement (“SPA”) with BP Singapore Pte. Limited...

Brazil >>  8/5/2022 - Petrobras, following up on the release disclosed on 05/24/2022, informs that it has celebrated a new addendum to the natural gas purchase contract wit...
Pakistan >>  8/3/2022 - Engro Eximp FZE, a subsidiary of Engro Corporation, announced today that it has entered a Memorandum of Understanding (“MOU”) with Excelerate Energy, ...

Netherlands/Holland >>  8/1/2022 - Gasunie subsidiary EemsEnergyTerminal has sold the remaining capacity of the LNG terminal in Eemshaven to ENGIE SA who purchased the last 1 billion cu...
Russia >>  7/29/2022 - In the course of its business, the JSC “Latvijas Gaze” purchases natural gas from other suppliers, paying in the EUR currency as required under the re...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.