Uzbekistan reducing dependence on natural resources

Oil&Gas Materials 25 June 2021 16:24 (UTC +04:00)

BAKU, Azerbaijan, June 25

By Klavdiya Romakayeva - Trend:

Uzbekistan is reducing dependence on natural resources and improving energy efficiency in companies and households, Deputy Minister of Energy Bekhzot Narmatov said, Trend reports referring to the Ministry of Energy of Uzbekistan.

The mentioned issue was discussed at an international webinar dedicated to the prospects for gas production in the country, organized by the international news publication Natural Gas World with the support of Uzbek ERIELL Group international oil service company.

During the webinar, Deputy Energy Minister Behzot Narmatov noted that Uzbekistan shifts its attention from the export of natural gas to creating new opportunities for domestic production of value-added products and increasing the return on gas production for the citizens of the country.

During the discussion, the Ministry of Energy presented the reforms carried out in the energy sector of Uzbekistan, the projects being implemented in the country for a phased transition from raw materials exports to the production of products with high added value based on domestic carbon raw materials, in particular, natural gas.

It was noted that the main priorities of these reforms are to support the country's economic growth and meet the growing demand for energy resources.

A special emphasis in the presentation of the Ministry of Energy was placed on the improvement of the business climate in the country, achieved over the past three years. This, in particular, made it possible to create favorable conditions for foreign investors in the gas industry of Uzbekistan, as well as to successfully pass the stages of formation of a market-oriented energy sector.

“At the same time, we are reducing our dependence on natural resources and improving energy efficiency in companies and households. These savings will free up an amount of energy equivalent to a new natural gas field. If we go further and use energy efficient technologies in the production of electricity, we will be able to use the same amount of gas, but produce twice as much energy,” Narmatov said.


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