Uzbekistan may completely refuse to export gas

Uzbekistan may completely refuse to export gas, Bekhzot Narmatov, the chairman of the board of the Uztransgaz company, told reporters, Report informs.

"Perhaps in the near future, all the gas produced in Uzbekistan will remain in Uzbekistan, because chemical plants are expanding, it is necessary to support the domestic economy. Yes, there was export, but we still do not have the same economic dynamics. We need to generate employment, but export in its pure form - well, how profitable is it for the economy, when it can be processed and create more of added value chains?" said Narmatov, specifying that the cessation of exports could happen by 2025-2026.

At the moment, about 10% of the gas produced in Uzbekistan is exported to China. According to Narmatov, the percentage ranges from month to month, depending on the internal needs of Uzbekistan, and they are the country's priority. As a rule, the volume of exported gas decreases in winter and increases in summer.

"There are companies that operate on the territory of Uzbekistan, and we have certain obligations to them. That is, in order to support the economy of projects - Chinese companies, Russian companies - we ensure the export of their gas. That is, we could send all this to the domestic market, but we adhere to the agreements that we have", the head of Uztransgaz said.

Uztransgaz was established in 1992. It is considered one of the largest companies in Uzbekistan. About 60 billion cubic meters of gas are produced annually. Less than 10% of this is exported - about 5 billion cubic meters.