[1][2] The production sharing agreement on the project was signed between Lukoil and Uzbekneftegaz on 16 June 2004 in Tashkent in the presence of the presidents of Russia and Uzbekistan.
[1][5] In March 2012, Lukoil signed a deal with a consortium of banks for a loan of up to US$500 million for the development.
[1] Lukoil is aiming for peak gas production at Kandym-Khauzak-Shady of around 47 million barrels per year (7.5×10^6 m3/a) of oil equivalent in 2018.
[6] The project comprises a gas processing plant, plans for drilling more than 170 production wells and construction of 1,500 kilometres (930 mi) of pipelines.
In addition, the project foresees construction of two compressor plants, gas gathering stations, shift camps, high-voltage power transmission lines and a separate 1,400 kilometres (870 mi) long railroad track, motorways and access roads.