Gazprom Increased Kazakh Exports in 2011

Russian gas giant Gazprom increased its exports to Kazakhstan by ten per cent in 2011, a statement from the company has said.

Issued after a meeting between Gazprom CEO Alexey Miller and Kazakh Ambassador to Russia, Zautbek Turisbekov, the statement said the increase indicated favourable conditions to increase exports to Kazakhstan further in 2012.

During the meeting, the two men also looked at different avenues for cooperation in the future.

"The parties looked at the issues of the Russian-Kazakh cooperation deepening in hydrocarbons exploration, production, transmission, processing and distribution with due consideration for the fact that the Common Economic Space had been established in Russia, Belarus and Kazakhstan since January 1," the statement said.