A shadowy Russian company has transferred its controlling stake in Uzbekistan’s largest underground gas storage facility to a Hong Kong-registered holding company as Tashkent moves to prevent sanctioned entities from having access to the Uzbek banking system, according to Kun.uz and Podrobno.uz. The media outlets cited Uzbekistan’s corporate records database in stating that a 60% stake in the Gazli storage project was now in the hands of Hong-Kong registered Daxon Holdings. The majority shareholding was previously held by Russia’s Forus. In partnership with Uzbek state gas transmission operato…
