Uzbekistan intends to increase gas reserves by 361 bcm by 2026

The increase in natural gas reserves in Uzbekistan in 2020-2025 may reach 361 bcm, oil – 20.4 million tons.

The corresponding draft government decree has been published for discussion, which will last until mid-February. The developer was the State Committee for Geology and Mineral Resources.

In particular, Uzbekneftegaz plans to increase gas reserves by 120 billion cubic meters and oil by 5 million tons. Epsilon Development Company (created by Epsilon Development Company, registered in the USA) – for 194 bcm and 9 million tons, respectively. The NaturalGas-Stream company, created by Gas Project Development Central Asia and Uzbekneftegaz, has 11 bcm and 600 thousand tons.

The resolution also plans to approve for Uzbekneftegaz 116 promising structures and hydrocarbon deposits in five oil and gas regions of Uzbekistan, planned for geological exploration.

According to the British company BP, the confirmed oil reserves of Uzbekistan at the end of 2016 amounted to 100 million tons, natural gas reserves – 1.1 tcm.

Oil production in Uzbekistan in 2019 compared with 2018 decreased by 6.3%, to 698.6 thousand tons, condensate – by 2,2%, to 2 098,3 thousand tons, natural gas – by 1.6%, to 59.46 bcm.