Uzbekistan to increase gas prices

By bne IntelliNews March 26, 2013

bne -

Uzbekistan is set to raise consumer gas prices from April 1, a potentially hugely unpopular move given the chronic gas shortages in the country.

State oil and gas company Uzbekneftegaz has announced that gas prices will be increased by 14% for customers with gas meters, from UZS122.85 ($0.06) per cubic metre to UZS139.8. Customers who do not have meters will have to pay UZS 241.85 per cubic metre up from UZS212.85 at present, UzDaily reports. The price increase was approved by the finance ministry on March 15, and will come into effect on April 1.

The move is clearly designed to take effect after the end of the current heating season. However, domestic power shortages worsened in Uzbekistan in 2011 and 2012, with many parts of the country having supplies of gas and electricity interrupted during the winter months.

Last year, Uzbekistan increased energy exports to $5.03bn up from just $2.78bn in 2011, with most of the increase due to the start of gas exports to China through the Central Asia-China gas pipeline in August. Tashkent planned to export 4bn cm of gas to the Asian giant in 2012, but is looking at a target of 10bn cm this year.

Related Articles

VimpelCom makes $1bn loss as Uzbek corruption case escalates

Jacopo Dettoni in Almaty -   Russian telecom VimpelCom reported a $1bn net loss in the third quarter of 2015 after it made a $900mn provision for alleged wrongdoings in Uzbekistan, the company ... more

Uzbekistan to cut car output amid falling exports, remittances

Olim Abdullayev in Tashkent - Collapsing car sales in major export markets have, to the delight of many Uzbeks, meant a flood of cars unsold abroad coming on to the local market. To prop up car ... more

COMMMENT: Great challenges for Eurasia call for decisive solutions

Juha Kähkönen of the IMF - The Caucasus and Central Asia (CCA) region continues to navigate a wave of external shocks – the slump in global prices of oil and other key commodities, the slowdown ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss