The Uzbekistan Energy Ministry announced on Friday that the country's natural gas production will grow to 56.3 billion cubic metres this year in order to provide a regular supply of oil and gas products.
According to well-known media, Uzbekistan, which exports gas to some of its neighbours, including Russia and China, produced 53.8 billion cubic metres of natural gas in 2021. The resource-rich Central Asian country has been working to reform the energy sector in order to foster competition and investment, improve production efficiency, and ensure that gas is delivered to consumers on a regular basis.
Uzbekistan's energy strategy calls for the production of 66.1 billion cubic metres of gas per year by 2030, with deep processing of natural gas as a priority for creating value-added goods. As of 2021, Uzbekistan ranks 19th in the world with 65 trillion cubic feet (Tcf) of proved gas reserves, accounting for nearly 1% of the world's total natural gas reserves of 6,923 Tcf. Uzbekistan has proven reserves of 42.7 times its yearly consumption rate.