Tuesday, 14, July, 2020

Since February, Lukoil has reduced gas production in Uzbekistan by 40% of its design capacity due to low demand for gas in China due to coronavirus, the company said in a report for 2020 Q1.

“This had an impact on the group’s total hydrocarbon production in the first quarter, in April and May 2020,” Lukoil said in an analysis of the company's performance.

In Q1 of 2020, Lukoil produced 2.839 BCM in Uzbekistan, while 3.824 BCM in the same period last year, thus reducing production by 25.8%, and compared to Q4 of 2019, when 3.875 BCM were produced, or by 26.7% less.

The negative impact of a decrease in gas production in Uzbekistan was partially offset by an increase of production under overseas production sharing agreements, the company said in a press release.

Note: Lukoil is implementing two gas production projects in Uzbekistan - Kandym-Khauzak-Shady and Gissar.

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