President orders increase in liquefied gas production
To maintain price stability, ensure sufficient supply in the market, and release products to stock exchanges based on demand,
The President ordered to increase the volume of liquefied gas production.
President Shavkat Mirziyoyev reviewed the presentation of measures aimed at ensuring stability in the oil and gas market, uninterrupted supply of hydrocarbon resources to economic sectors and the population.
The expansion of industrial capacity in the country and the increase in the needs of the population are increasing the demand for natural gas and oil products. In such conditions, it is important to sustainably provide the domestic market with the necessary resources, take into account seasonal needs in advance and prevent unreasonable price increases.
The presentation reviewed the state of oil and gas production, import, processing, storage and supply to consumers. The need for accurate calculations of the needs of sectors and regions, priority provision of domestic demand and strict adherence to supply schedules was emphasized.
The work being carried out at Uzbekneftegaz JSC to maintain stable natural gas production rates, effectively use the potential of existing fields, and timely launch of new wells was discussed.
It is planned to launch 27 wells in August. The work at the Yangi Kultak, Niyoz, Qoratau, Marvarid, and Tegirmon fields will create an additional 887 thousand cubic meters of natural gas production capacity.
The importance of daily monitoring of the processes from drilling wells to connecting them to the gas transmission network, ensuring uninterrupted operation of power supply and production infrastructure was emphasized.
Special attention was paid to the issues of ensuring the timely supply of raw materials to oil and gas processing enterprises, the effective use of existing capacities, and increasing the production of products in high demand in the domestic market.
The need for timely and sufficient delivery of hydrocarbon resources to the regions, the formation of necessary reserves in advance, and the coordination of the activities of producing, transporting and selling enterprises was emphasized.
The importance of ensuring sufficient supply in the market, the release of products for exchange trading based on demand, and the reduction of production and logistics costs were emphasized in order to maintain price stability. It was instructed to establish effective control over the unjustified retention of resources, the creation of artificial shortages, and situations aimed at increasing prices.
In order to maintain the balance of supply and demand in the domestic market, to prevent disruptions in the supply of hydrocarbon resources and unreasonable increases in prices, Uzbekneftegaz Joint Stock Company was tasked with unconditionally ensuring the established forecast indicators for oil and gas production. It was instructed to increase the volume of liquefied gas production to 606 thousand tons by the end of the year instead of the planned 520 thousand tons.
The authorities were instructed to conduct a daily analysis of the needs of the domestic market, identify supply-related risks in advance, and take the necessary measures in a timely manner.