Photo: frank.uz
Uzbekistan’s Minister of Energy, Jurabek Mirzamakhmudov, announced that, with new projects under consideration, American investors are prepared to invest $3–4 billion in the country’s energy sector. His remarks were reported by Spot.uz, citing the Uzbekistan 24 television channel.
According to the minister, the agreements concern coal gasification, the production of syngas, and its conversion into ammonia, methanol, and other value-added products.
He also highlighted other initiatives. In drilling, the Ministry of Energy signed contracts with Schlumberger and Baker Hughes to apply advanced technologies, expertise, and management practices.
State-owned Uzbekneftegaz and U.S.-based Gulf signed a memorandum to establish a nationwide network of filling stations, a project valued at $100 million.
Negotiations have also advanced on replacing gas turbines with electric motors in the gas transmission system and at compressor stations. Mirzamakhmudov noted that the U.S. Export-Import Bank has expressed interest in financing the work. The replacement program, estimated at a minimum of $800 million over two to three years, could be supported by an Eximbank credit line of $852 million.
The minister added that Air Products intends to expand its partnership with Uzbekistan through additional investment and diversification. During his recent visit to the United States, President Shavkat Mirziyoyev met with Air Products CEO Eduardo Menezes.
The company’s investments in Uzbekistan have already exceeded $1 billion. Completed projects include gas processing at the GTL plant, hydrogen production at the Fergana Oil Refinery, liquid CO₂ at NavoiAzot, and the establishment of a shock-freezing center.
Both sides also agreed to accelerate cooperation on building a gas chemical complex in Bukhara, coal gasification, and the production of environmentally friendly aviation fuel. A joint roadmap has been approved for these projects.
