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Uzbekistan pins hopes on major new gas project
May 27, 2021 1:00:pm
Summary
by: Joseph Murphy
Posted in:
Uzbekistan pins hopes on major new gas project
Uzbekistan has been a major natural gas producer for many decades. And while some of its largest fields are now past their prime, the country still holds some 1.2 trillion m
3 in proven reserves, according to BP’s latest
Statistical Review of World Energy. The government is eager to capitalise more on this resource, by implementing reforms and attracting more foreign investment to maximise gas recovery.
The Central Asian state produces around 60bn m
3 of gas each year, ranking it as one of the of 20 global gas producers. Around a quarter of this gas is exported, primarily to China, while the rest is consumed domestically. Though Uzbekistan’s basins are mature, new investors continue to enter the country, and a number of new projects are in the pipeline. ....

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