The World Bank (WB) plans to assist Uzbekneftegaz JSC in developing a tariff policy in the field of gas supply in the domestic market, the company’s press service said on Friday.
Deputy Chairman of the Board of Uzbekneftegaz Ulugbek Ashurov held talks with the WB mission on the development of a general scheme for the development of gas supply and gasification of the republic.
“The World Bank has been offered limited participation in the development of the general scheme by financing such separate components as assessment of economic efficiency and investment volumes, and assistance in the development of tariff policy,” the report said.
Ashurov noted that reforms are planned in the industry. The presence of the company in the international market should also increase. In addition, the development of the General Scheme for the Development of Gas Supply and Gasification in Uzbekistan is underway.
Since April 1, 2018, the price for natural gas for domestic consumers in Uzbekistan is planned to increase by 10 percent. In recent years, domestic gas consumption in the republic has grown 1.3 times and is about 50 bcm annually.
Note that Uzbekistan is one of the few countries that inefficiently use natural gas. In a country where the real population does not reach 30 million people, gas consumption has always exceeded 50 bcm.