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    Uzbekistan World Economics

    Uzbekistan to increase import of Russian gas to 11 bn cubic meters in 2025

    Uzbekistan to increase import of Russian gas to 11 bn cubic meters in 2025

    Uzbekistan and Russia are collaborating to enhance the capacity of the Central Asia-Center pipeline network to facilitate greater Russian gas exports, as it was disclosed by Russian President Vladimir Putin after discussions with Uzbekistan's President Shavkat Mirziyoyev in Tashkent on May 27.

    Photo: Uzbekistan and Russia are collaborating to enhance the capacity of the Central Asia-Center pipeline network to facilitate greater Russian gas exports
    Souce: Daryo

    Since October 7, 2023, Uzbekistan has been receiving gas from Russia via Kazakhstan. Uzbekistan is set to significantly increase its imports of Russian gas as per a contract between UzGasTrade and Gazprom. The agreement outlines daily deliveries of 9 mn cubic meters, totaling 2.8 bn cubic meters per year, at an approximate value of $448 mn. This amounts to $160 per 1,000 cubic meters of gas.

    "I recall how it all began. It was winter of 2022, when Uzbekistan faced a challenging and critical situation due to unusually cold weather. I vividly remember Shavkat Miromonovich's concern as he diligently explored all possible solutions to resolve this issue. Naturally, we all contemplated the future. With the changing climate, it became apparent that proactive steps needed to be taken," Putin stated.

    Efforts are presently in progress to enhance the capacity of the Central Asia - Center pipeline system. 

    This initiative aims to boost the gas supply to Uzbekistan, with plans to increase the volume to 11 bn cubic meters in the upcoming year.

    Prominent Russian energy firms such as Gazprom and Lukoil have established a longstanding and effective presence in the republic. They have been actively involved in gas field development. Additionally, companies like Tatneft and Zarubezhneft are engaged in various activities including petrochemical production, refining, fuel supplies, and enhancing the productivity of oil fields.

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

     
    29.05.2024, 17:08   Comments (0)   2595
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