Oil and gas industry in uzbekistan

OIL AND GAS INDUSTRY IN UZBEKISTAN

QUNIYAZOV NAWRIZ

Uzbekistan is the second largest natural gas producer in Central Asia. Accordingly, energy issues remain a high priority in President Mirziyoyev’s agenda.

In 2019, the government broke up the national monopoly UzbekNefteGaz into three independent companies focused on production (UzbekNefteGaz), transmission (UzTransGaz), and domestic sales (HududGazTaminot), with the goal of improving transparency and operating on market-based price standards.

UzbekNefteGaz and UzTransGaz have been instructed to file for an IPO by 2023.

The government also announced plans to halt natural gas exports by 2025 and process all domestic output into higher value-added products: 52 projects worth $9 billion on the deep processing of natural gas are planned to be completed by 2025

By 2030, natural gas production in Uzbekistan is planned in the amount of 66.1 billion cubic meters.

In June 2021, the Ministry of Energy, together with the involved ministries, departments, as well as international consultants, completed the development of the "Strategy for the transformation of Uztransgaz and the gas industry."

UzbekNefteGaz National Holding Company: https://www.ung.uz/business/tender/6/1

• UzbekNefteGaz National Holding Company: https://www.ung.uz/business/tender/6/1
• UzTransGaz: https://www.utg.uz/ru/business/zakup/tendery/
• State Committee for Geology and Mineral Resources: https://www.uzgeolcom.uz/en
• Ministry of Investments and Foreign Trade of Uzbekistan: http://www.mift.uz/en
• ITE Uzbekistan Exhibition Company: https://iteca.uz/en/index.php

Thanks for attention!