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- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
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This analysis includes a comprehensive Uzbekistan energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
- The country launched its first solar and wind tenders in 2019 and 2021, respectively.
- JSC "Thermal Power Plants", the largest power utility with 70% of the total capacity, was privatised in 2022.
- Uzbekneftegaz, the national oil and gas company, was partially privatised in 2022.
- Natural gas accounts for 88% of the power mix.
- The country aims to double its uranium production by 2030.
- Diesel prices have increased by 23%/year since 2020.
- Household electricity prices are quite subsidised and are lower than in other CIS countries.
- Gas supplies 85% of the country's total energy consumption.
- Buildings represent the bulk of the final consumption (61%).
- A new cooperation roadmap with Gazprom might allow the construction of new gas infrastructure and pipelines.
- Around 6 GW of wind capacity is currently planned and 1.7 GW is under construction.
Institutions & Energy Policy
The Ministry of Energy, that was set up in 2019, is in charge of implementing governmental policies and regulations in the whole energy sector, improving the tariff policy, and developing public-private partnerships. Its function was previously carried out by the Complex on the issues of Geology, Fuel and Energy, Chemical, Petrochemical, and Metallurgical Industries.
Uzbekneftegaz (76% public) is the national oil and gas company. It was reorganised in 2019 by merging different subsidiaries in the gas and oil upstream and downstream activities. The State sold a 24% stake in the company in 2022 through a public offering (IPO). In total, 620 public companies were meant to be privatised under the same plan.
Uzbekistan has large gas reserves (around 867 bcm of proven reserves) and more modest oil reserves (around 80 Mt) (end of 2021). Around 80% of gas reserves are located in the Amu Darya basin in the Bukhara region. The country also has significant uranium reserves (50 Mt).
Uzbekneftegaz has increased the gas prices several times. Although the price hikes in 2014 led to a 40% increase for households, domestic tariffs are still very low in comparison to the prices at which gas is exported.
Total energy consumption per capita is about 1.3 toe, while the electricity consumption per capita is around 1 650 kWh (2021).
Total energy consumption increased by 3.7% in 2021 to 47 Mtoe. Previously, it had been decreasing by 3%/year between 2018-2020.
Uzbekistan's energy intensity is among the highest in the world but is decreasing very rapidly (-7%/year since 2000).
Issues & Prospects
As part of its "Economic Development Vision 2030", the Government plans to transform Uzbekistan into an industrialised middle-income country by achieving a per capita income of US$6 500 by 2030 and US$8 500 by 2040.
- GRAPH 1: Co2-Energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2021, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2021, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Consumption trends by energy source (Mtoe)
- GRAPH 8: Total consumption market share by energy (2021, %)
- GRAPH 9: Final consumption market share by sector (2021, %)
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The Uzbekistan energy market data since 1990 and up to
is included in the Excel file accompanying the Uzbekistan country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Uzbekistan Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Uzbekistan energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).
The Uzbekistan country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
- New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
- Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.