Uzbekistan plans to invest $500 MM to boost gas imports from Russia
(Reuters) - Uzbekistan plans to spend $500 MM on modernising its mainline gas system to allow it to increase imports from Russia to 32 MMm3 a day from 9 MMm3, a government document published on Wednesday showed.
The document calls on national gas supplier Uztransgaz to modernise the country's main gas systems by 2030.
It refers to increasing import volumes "from the North" to 32 MMm3 a day.
Uzbekistan, in recent years a net exporter of natural gas, has been importing 9 MMm3 per day from Russia since October 2023 under an agreement with Russian company Gazprom.
Uztransgaz is yet to find a foreign bank to finance the modernization project, the document showed.
Neither the Energy Ministry nor Uztransgaz responded to questions about the project's financing.
Related News
Related News
- Credit Agricole says it will not fund two major LNG projects
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Japan's JERA suspends output at 4 gas-fired power plants to secure LNG stocks
- Shareholders’ Resolution: MOL to pay $668-MM dividend
- TotalEnergies: Papua LNG project requires 'more work' to reach final investment decision
- Technip Energies awarded a major LNG contract for the North Field South Project by QatarEnergy
- Shell publishes Energy Transition Strategy 2024
- QatarEnergy to charter 19 new LNG vessels expanding fleet further
- Aramco awards $7.7-B contracts to add 1.5 Bscfd of raw gas to Fadhili Gas Plant
- Mabanaft announces successful acquisition of WESTFA Energy GmbH
Comments