Tajikistan’s largest gas retailer says LNG price hike results from Kazakhstan’s decision to limit LNG sales

Faroz Company, which is Tajikistan’s largest gas retailer, says the liquefied natural gas (LNG) price hike has resulted from Kazakhstan’s decision to limit LNG exports.  In a statement posted on Facebook, Faroz, in particular, notes that accusations of unauthorized LNG price increases are baseless. According to the company, the (LNG) price hike has resulted from […]

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Faroz Company, which is Tajikistan’s largest gas retailer, says the liquefied natural gas (LNG) price hike has resulted from Kazakhstan’s decision to limit LNG exports.  In a statement posted on Facebook, Faroz, in particular, notes that accusations of unauthorized LNG price increases are baseless.

According to the company, the (LNG) price hike has resulted from Kazakhstan’s decision to limit LNG exports.  “The main reason for the LNG price hike is reduction in sale of the liquefied natural gas by Kazakhstan’s Joint-Stock Company (JSC) SNPS-Aktobemnaigaz that has led to shortage of the liquefied natural gas in Kazakhstan itself,” says the statement.

SNPS-Aktobemnaigaz has reportedly sent notifications to Tajik LNG suppliers, saying that in connection with its obligation to increase the supply of LNG in Kazakhstan and re-equipment of the gas-processing plant Gaz-2, LNG exports to Tajikistan will reduce by 30-40 percent in June.   

According to Faroz Company, 35 companies are engaged in supplying the liquefied natural gas to Tajikistan, including Gazpromneft-Tajikistan, Octane-Service, Emom Import-Export, Temour Oil, Gaznaft, Allat, Ghairat-88, Kayonoush Taminot, 2Bahor, Mabdai Nour, Guli Surkh Continent, etc.  

On average, Tajikistan imports 340,000 tons of the liquefied natural gas per year.  Kazakhstan provides the bulk of Tajikistan's LNG imports.  Kazakhstan now accounts for 85 percent of Tajikistan’s LNG imports.  

In January-November last year, Tajikistan imported some 324,000 tons of the liquefied natural gas, which was 6,000 tons more than in the same period of 2016.     

In 2016, Tajikistan imported a total of 350,000 tons of liquefied gas, which was nearly 10,000 tons more than in 2015.

Meanwhile, current price for one liter of the liquefied natural gas in Dushanbe is 4.80 somoni, more than 30-percent increase since June 15, when the price for one liter of the liquefied natural gas in the Tajik capital was 3.40 somoni.     

Tajikistan receives deliveries of the liquefied natural gas by road and rail.  More than 60 percent of the country's motor vehicles use liquefied gas as fuel.

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