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Eurasia · UZB

Uzbekistan

A gas producer becoming a gas-short manufacturer. Summer AC is eating the export surplus.

balanced

Oil production

0.0 mb/d

0.1 mb/d demand

Net oil

-0.1 mb/d

Near balance

Gas production

45 bcm

Net +3 bcm

O&G rent

8.0%

Fiscal breakeven $50

Oil balance

Production versus demand, 2025, million barrels per day.

Production0.0 mb/d
Consumption0.1 mb/d

Gas balance

Production versus demand, 2025, billion cubic metres.

Production45 bcm
Consumption42 bcm

Proven oil

1 bn bbl

Gas reserves

1.8 tcm

Refining

0.2 mb/d

LNG

No LNG

Hydrocarbon mix

Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).

  • Oil6%
  • Gas94%

Economy

Nuclear with Russia and Gulf solar deals are the 2030s hedge. Domestic tariffs still leak rent.

GDP
$0.1 tn
Population
36.0 m
Oil intensity
0.4 bbl /$1k
Oil & gas rent
8.0% GDP
Hydrocarbon trade
-1.4% GDP
Fiscal breakeven
$50 /bbl
$30 oil shock
-6.5 pp GDP
Club
Independent

Projected oil demand

Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.1 mb/d (net -0.1) versus NZE 0.1 mb/d (net -0.0).

Scenario2025203020352050
Stated Policies0.10.10.10.1
Net Zero 20500.10.10.10.0
Current Policies0.10.10.10.1

Same region