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Uzbekistan energy report

Uzbekistan energy report
Update
Format
3 files (PDF report, 2 Excel files)
Pages
30 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

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.

Highlights

  • 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.
  • Fuel prices have increased by around 80% since 2020.
  • Household electricity prices are quite subsidised and are lower than in other CIS countries.
  • Gas supplies 84% of the country's total energy consumption.
  • Buildings represent the bulk of the final consumption (51%).
  • A new cooperation roadmap with Gazprom might allow the construction of new gas infrastructure and pipelines.
  • Over 7 GW of renewable capacity is currently planned and another 2.6 GW is under construction.
X2
uranium production by 2030
40%
increase in lignite production since 2010
88%
share of gas in the power mix (2021)
  • 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.

  • Energy Companies

    Gas:

    Uzbekneftegaz (76% state-owned) 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.

  • Energy Supply

    Gas:

    The production of gas fell by about 3% in 2022, to 52 bcm, following a rebound of 8% in 2021 to 54 bcm, and after a sharp 18% drop in 2020 (50 bcm). Gas is processed in five plants (two of which were commissioned in 2018): one in Mubarek, two in Shurtan, one in Kandym, and one in Gissar.

  • Energy Prices

    Electricity:

    Residential prices, which are regulated and heavily subsidised, doubled between 2018 and 2020 and froze at their 2020 level until 2023 (variations in US$ prices due to exchange rate variations), at around US$2.5c/kWh in 2023. Industrial prices have surged by 23%/year since 2018, reaching US$7.8c/kWh in 2023 (+43% in 2023 alone), except for a stagnation at around US$4.25c/kWh in 2020-2021.

  • Energy Consumption

    Total energy consumption per capita is about 1.3 toe, while the electricity consumption per capita is around 1 650 kWh (about 65% below the CIS average) (2022).

    Total energy consumption dipped by 3.8% in 2022 to 48 Mtoe, back to its 2018 level. It had surged by 10%/year between 2015 and 2018 before decreasing by 3%/year until 2020.

  • 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 (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022, %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • 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).