Uzbekistan Courts More Western Gas Investors After BP Deal Last Month
Updated
Updated · Bloomberg · Jun 22
Uzbekistan Courts More Western Gas Investors After BP Deal Last Month
3 articles · Updated · Bloomberg · Jun 22
Summary
Uzbekistan is intensifying its push to bring major European and US energy companies into its natural gas sector after winning BP investment last month.
Deputy Economy and Finance Minister Khurshed Mustafayev said the government is seeking production-sharing agreements to develop gas fields with those foreign partners.
Mustafayev said the gas would stay in Uzbekistan, underscoring that natural gas will remain a key part of the country’s energy mix for many years.
The outreach signals Tashkent is using the BP deal as a springboard to broaden Western participation in its energy industry.