Tajikistan

Tethys Petroleum Ltd., Guernsey, Channel Islands, UK, began delivering gas to the town of Kulob, Tajikistan, from Khoja-Sartez gas-condensate field under a 1-year contract at $2.44/Mcf.

Jan. 16, 2009

By OGJ editors
HOUSTON, Jan. 16 -- Tethys Petroleum Ltd., Guernsey, Channel Islands, UK, began delivering gas to the town of Kulob, Tajikistan, from Khoja-Sartez gas-condensate field under a 1-year contract at $2.44/Mcf.

Initial volume is as much as 2.3 MMcfd. The gas is flowing through a 7.5 mile pipeline, and work on upgrading the gas delivery system is being considered.

Tethys is also working on three existing gas wells in Komsomolsk gas field near Dushanbe and plans to conclude a similar contract at a higher price due to greater demand. Gas for Dushanbe is currently shipped from Uzbekistan at $6.80/Mcf.