Uzbekistan 2022 Energy Policy Review
Uzbekistan’s broad economic reforms were expanded to cover energy in 2019 when the
government launched a multiphase transition from the state-owned and -operated and
subsidised energy sector model to competitive gas, oil and electricity markets with
significant private-sector participation and cost-covering energy prices.
The reform plans to diversify the country’s energy supply, which domestic natural
gas continues to dominate in all sectors, including transport. Natural gas exports
will be phased out by 2025 and the gas will be used increasingly to expand petrochemicals
production, while Uzbekistan’s significant but unexploited solar and wind resources
will be harnessed to help build a cleaner power sector to 2030. While energy use per
capita is low, the country’s economy remains one of the most energy-intensive in the
world, and massive potential remains to improve energy efficiency through incentives
This report is intended to help guide Uzbekistan towards a more secure, sustainable
and efficient energy future.It proposes several ways to support the government in
its reform efforts. The gradual transition to competitive markets and withdrawal of
subsidies should be accompanied by support measures for those most in need. For the
reform to succeed, an independent and well-resourced energy regulator is also necessary.
Furthermore, the financial imbalances in the state-owned energy companies must be
addressed and their re emergence avoided.
For the long term, as Uzbekistan’s population, cities and economy are projected to
grow strongly, a cross-sectoral approach is required to limit the increase in energy
demand and energy-related greenhouse gas emissions.
Available from October 04, 2022
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