The Crucial Contribution of the Natural Gas Export of Uzbekistan in 2024

Natural gas exports have been pivotal in the Uzbekistan economy as they have contributed a huge share of foreign revenue. The natural gas export of Uzbekistan has recently faced a declining rate of around 4.5% CAGR in 2024 with a value of 44.6 billion cubic meters than a staggering rate of natural gas export worth 46.7 billion cubic meters in 2023. Uzbekistan Import Data says the import has significantly increased in response to the declining rate of the export from regional areas like Turkmenistan and Russia with a surge of 2.8 times, resulting in an annual import valuation of 1.55 billion US dollars in 2024.

The continuity in the global demand for natural gas from the trade firms of Uzbekistan has indulged the countries in introducing diversifying portfolios at the global services, which has resulted in an export trade value of 5.67 billion US dollars of natural gas exports in 2024. Import Globals with its Uzbekistan trade data highlight the regional shipments of natural gas from the trade firms of the nation to other importing destinations. This highlights the potential marketing zones for business owners who are proactively looking for areas where they can invest their services to gain a positive trajectory in their future trade aspects.

THE SIGNIFICANCE OF NATURAL GAS EXPORT AND ECONOMIC GROWTH OF UZBEKISTAN IN 2024

The export of natural gas has been a strong pillar for the growing economy of Uzbekistan, solidifying its position in the international trade market. Despite the transition from a net exporter to a net importer of natural gas, the trade sector remains a cornerstone of the entire export economy of the nation. Accompanying the declining rate in the export valuation, the commodity has continued to provide valuable foreign revenue. One of the most crucial examples is the export to China worth 550 million US dollars in 2024, representing a hike of 25% a year by trade increase. The strong government strategies implemented by the trade firms reflect a strategic balancing of the authorities for the sustainability of this globally demanded commodity to overcome the declining rate and reduce the trade deficit in the gas sector.

The transportation infrastructure of Uzbekistan has come across a recent development in its methodologies for a suitable supply of natural gas to the top export trade partners. The study of rates implemented reduces the taxation offers over the traded goods and is on its way to a pre-recovery of the natural gas declining export rates. The continuous efforts from the government authorities are a symbol of the utmost interest in this sector for sustainability in the fast-paced global market. All this incline and decline rate in the export and import sector represents the importance of natural gas exports and the conceptualized maintenance of economic stability as Uzbekistan navigates energy security challenges.

THE LEADING VARIANTS OF NATURAL GAS WERE EXPORTED FROM UZBEKISTAN IN 2024

Uzbekistan’s natural gas export has been an essential pillar of its trade economy despite the production challenges and rising domestic demand. The country has introduced diversifying services in the export portfolio with tragic shipment rates countering the annual valuations. According to the Uzbekistan Export Data, the top 10 leading variants of natural gas exported from the nation in 2024 are,

  1. Pipeline Gas — Export revenue — 987 million US dollars; Annual trade share — 28%
  2. Liquefied Natural Gas- Export revenue — 765 million US dollars; Annual trade share — 22%
  3. Compressed Natural Gas (CNG)- Export revenue — 654 million US dollars; Annual trade share — 18%
  4. Propane- Export revenue — 542 million US dollars; Annual trade share — 15%
  5. Butane- Export revenue — 465 million US dollars; Annual trade share — 12%
  6. Helium- Export revenue — 387 million US dollars; Annual trade share — 10%
  7. Condensate- Export revenue — 287 million US dollars; Annual trade share — 8%
  8. Sulfur- Export revenue — 165 million US dollars; Annual trade share — 6%
  9. Methanol- Export revenue — 142 million US dollars; Annual trade share — 4%
  10. Electricity- Export revenue — 98 million US dollars; Annual trade share — 2.5%

THE LEADING EXPORT TRADE PARTNERS OF UZBEKISTAN FOR NATURAL GAS IN 2024

Uzbekistan’s natural gas export has been a crucial role player in its foreign trade rates. The strategic pricing strategies adopted and the modification of the transportation ports are some of the attributing factors that contribute to the build-up of supply chains. According to the Uzbekistan Customs Data, the top 10 export trade partners of the nation with which it trades most of its natural gas in 2024 are,

  1. China — The annual export trade value of natural gas exported from Uzbekistan to China in 2024–998 million US dollars

Top 5 variants of natural gas exported

· Methane-rich gas

· Ethane-rich gas

· Propane-rich gas

· Butane-rich gas

· Pentane-rich gas

2. Russia- The annual export trade value of natural gas exported from Uzbekistan to Russia in 2024–814 million US dollars

Top 5 variants of natural gas exported

· Wet natural gas

· Sour gas

· Sweet gas

· Acid gas

· Conventional natural gas

3. Kazakhstan- The annual export trade value of natural gas exported from Uzbekistan to Kazakhstan in 2024–654 million US dollars

Top 5 variants of natural gas exported

· Non-conventional natural gas

· Associated gas

· Non-associated gas

· Tight gas

· Shale gas

4. South Korea- The annual export trade value of natural gas exported from Uzbekistan to South Korea in 2024–525 million US dollars

Top 5 variants of natural gas exported

· Coalbed methane

· Methane hydrates

· Biogenic natural gas

· Thermogenic natural gas

· Raw natural gas

5. Turkey- The annual export trade value of natural gas exported from Uzbekistan to Turkey in 2024–478 million US dollars

Top 5 variants of natural gas exported

· Pipeline-quality natural gas

· Raw natural gas

· Processed natural gas

· Dehydrated natural gas

· Liquefied Natural Gas

6. Iran- The annual export trade value of natural gas exported from Uzbekistan to Iran in 2024–354 million US dollars

Top 5 variants of natural gas exported

· Compressed Natural Gas

· Gas-to-liquids

· Synthetic natural gas

· Helium-rich natural gas

· High nitrogen gas

7. Afghanistan- The annual export trade value of natural gas exported from Uzbekistan to Afghanistan in 2024–278 million US dollars

Top 5 variants of natural gas exported

· High CO₂ gas

· Hydrogen-rich natural gas

· Sulfur-rich natural gas

· Radon-bearing natural gas

· Low BTU natural gas

8. Tajikistan- The annual export trade value of natural gas exported from Uzbekistan to Tajikistan in 2024–165 million US dollars

Top 5 variants of natural gas exported

· Permian Basin gas

· North Sea natural gas

· Synthetic LNG

· Flared gas

· Residue gas

9. Netherlands- The annual export trade value of natural gas exported from Uzbekistan to the Netherlands in 2024–154 million US dollars

Top 5 variants of natural gas exported

· Power generation gas

· Gas for gas-to-liquids plants

· Lean gas

· Rich gas

· Associated petroleum gas

10. Turkey- The annual export trade value of natural gas exported from Uzbekistan to Turkey in 2024–108 million US dollars

Top 5 variants of natural gas exported

· Arctic gas

· Mini-LNG

· Virtual pipeline gas

· High CO₂ gas

 - Sulfur-rich natural gas

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