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Economy 07/01/2023 The plan for the sale of liquefied natural gas through exchange trading has been overfulfilled
The plan for the sale of liquefied natural gas through exchange trading has been overfulfilled

Tashkent, Uzbekistan (UzDaily.com) -- The sale of liquefied gas products through exchange trading was completed by 32.1 thousand tons more, or 299.2% compared to the plan. This was reported by the press service of JSC "Uzbekneftegaz".

Also, as a result of the sale of liquefied gas in the current year, through a commission contract, in order to recover the debt of the foreign enterprise Epsilon DC, funds in the amount of 10.4 billion soums were sent to the Company through transactions in the domestic market and US$4.5 million for export transaction account.

As a result of the strict protection of the interests of the company, the Department of Trade in the Arbitration Commission of the Uzbekistan Commodity Exchange ensured the collection of fines in the amount of 4.4 billion soums due to transactions in the domestic market, US$78,700 due to export transactions in favor of Uzbekneftegaz.

The supply of liquefied gas to the territorial gas supply branches of Khududgaztaminot JSC for the domestic needs of the population and the social sphere in 2022 amounted to 100.0% (growth rate compared to the plan of 105.6%).

In order to optimize the price level when exporting products and increasing the income of Uzbekneftegaz JSC, export contracts concluded by the company for sulfur products in 2021 were studied.

Studies have shown that 6 contracts with a low price level were terminated through the courts. Due to the redirection of the volumes specified in these agreements to the domestic market, the income of Uzbekneftegaz JSC increased by an average of 2.5 million dollars.`

 

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