Please Wait.....
Report
Uzbekistan Oil And Gas - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)
Market Report I 2026-02-09 I 90 Pages I Mordor Intelligence
Uzbekistan Oil And Gas Market Analysis
Uzbekistan Oil And Gas Market size in 2026 is estimated at USD 1.05 billion, growing from 2025 value of USD 1.01 billion with 2031 projections showing USD 1.28 billion, growing at 4.06% CAGR over 2026-2031.
This growth reflects a policy-driven swing from raw-gas exports toward domestic value addition, steady transit-fee receipts, and continued foreign capital inflows through production-sharing agreements. Upstream consolidation, midstream pipeline upgrades, and downstream gas-to-liquids projects together anchor the medium-term outlook even as mature fields decline. Rising industrial gas demand, new digital oilfield pilots, and tariff liberalization are further expanding revenue streams for companies willing to modernize their operations and embrace data analytics. In parallel, Uzbekistan's land-linked position keeps transit projects economically attractive, cushioning the system against short-term production headwinds.
Uzbekistan Oil And Gas Market Trends and Insights
Rising Domestic Gas Demand From Energy-Intensive Industries
Between 2016 and 2021, industrial electricity use increased from 57.6 billion kWh to 74.9 billion kWh as cement, steel, and chemical plants expanded their production. Energy-intensive companies now absorb roughly 40% of national gas output, up from 35% in 2020, which tightens the domestic balance and supports premium pricing for processed volumes. Imports routed through Kazakhstan are projected to reach 11 billion cubic meters per year by 2026 to plug the widening supply gap. This shortfall justifies accelerated investments in gas processing, compression, and last-mile distribution. The Ministry of Energy anticipates an additional 8-10 billion m of demand by 2030, primarily concentrated around the Tashkent and Samarkand industrial parks.
Government Incentives For Upstream Foreign Investment
A 2024 subsoil law eliminated numerous approval bottlenecks and offered 15-year tax holidays for projects exceeding USD 100 million. The measures unlocked USD 2 billion in firm commitments within twelve months, reversing a decade of underspend in exploration. International operators gain cost-recovery assurances and accelerated depreciation, which sharply improves their internal rates of return in the Ustyurt Plateau's technically complex shale prospects. Domestic-content rules set at 30% still channel procurement to local suppliers, safeguarding job creation and skill transfers. Longer-dated incentives also reassure lenders, lengthening debt tenors and reducing borrowing costs for frontier acreage work programs.
Ageing Oilfields With Rising Lifting Costs
Declining rates of 8-12% per year in legacy reservoirs increase extraction costs by USD 15-25 per barrel of oil equivalent. Uzbekneftegaz's 2025 outlook of 26.5 billion m is 2.8 billion m below its 2024 plan, underscoring the drag mature assets impose on national volumes. The capital required for geological infill wells and water-handling facilities exceeds internal cash flows, risking deferred maintenance and unplanned shutdowns. Higher lifts compress margins and reduce free cash available for reinvestment, which in turn can slow modernization across the supply chain. Without the widespread adoption of enhanced recovery and AI-enabled production optimization, output could undershoot targets, tempering the growth trajectory of the Uzbekistan oil and gas market.
Other drivers and restraints analyzed in the detailed report include:
Strategic Transit Position Spurring Pipeline InvestmentsState Plan To End Gas Exports Driving Downstream GTL & PetrochemicalsInsufficient Pipeline & Storage Infrastructure
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Upstream operations continued to generate 54.62% of 2025 revenue, yet a natural decline in mature basins is steering capital into midstream projects that are growing at a 6.55% CAGR. The Uzbekistan oil and gas market size tied to midstream is poised to swell as the Central Asia-Center retrofit, new compressor stations, and gas-to-liquids feedstock lines absorb redirected export volumes. Consolidation among field operators accelerates because higher lifting costs favor companies with cash and technology advantages. AI-based reservoir models used in Bukhara-Khiva pilots improved uptime by 15-20%, underscoring the value of digital workflows.
Modern seismic campaigns and ultra-deep wells raised Sanoat Energetika Guruhi's output 350% between 2019 and 2025, validating the payoff from data-driven exploration in aging plays. As GTL and petrochemical plants come online, their stable off-take contracts shift profit centers farther downstream. Service providers are adapting, selling predictive maintenance and integrated project-management suites rather than traditional roughnecking. Collectively, these moves reshape the Uzbekistan oil and gas market, making midstream margins and downstream integration just as critical as raw-barrel production.
The Uzbekistan Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).
List of Companies Covered in this Report:
JSC Uzbekneftegaz NK Lukoil PAO Gazprom PAO China National Petroleum Corporation (CNPC) TotalEnergies SE Epsilon Development Company Surhan Gas Chemical Operating Company ERIELL Group Baker Hughes Halliburton BP plc SOCAR PetroChina Tatneft Schlumberger KazTransOil Transneft Hyundai Engineering Petrofac Technip Energies
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising domestic gas demand from energy-intensive industries
4.2.2 Government incentives for upstream foreign investment (PSAs, tax breaks)
4.2.3 Strategic transit position spurring pipeline investments
4.2.4 State plan to end gas exports driving downstream GTL & petrochemicals
4.2.5 Deregulation of wholesale gas pricing enabling private sector entry
4.2.6 Digital-oilfield pilots in Bukhara-Khiva using AI reservoir management
4.3 Market Restraints
4.3.1 Ageing oilfields with rising lifting costs
4.3.2 Insufficient pipeline & storage infrastructure
4.3.3 Winter gas shortages pressuring retail price caps
4.3.4 FX-convertibility limits delaying profit repatriation for IOCs
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Crude-Oil Production & Consumption Outlook
4.8 Natural-Gas Production & Consumption Outlook
4.9 Installed Pipeline Capacity Analysis
4.10 Unconventional Resources CAPEX Outlook (tight oil, oil sands, deep-water)
4.11 Porter's Five Forces
4.11.1 Threat of New Entrants
4.11.2 Bargaining Power of Suppliers
4.11.3 Bargaining Power of Buyers
4.11.4 Threat of Substitutes
4.11.5 Competitive Rivalry
4.12 PESTLE Analysis
5 Market Size & Growth Forecasts
5.1 By Sector
5.1.1 Upstream
5.1.2 Midstream
5.1.3 Downstream
5.2 By Location
5.2.1 Onshore
5.2.2 Offshore
5.3 By Service
5.3.1 Construction
5.3.2 Maintenance and Turn-around
5.3.3 Decommissioning
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 JSC Uzbekneftegaz
6.4.2 NK Lukoil PAO
6.4.3 Gazprom PAO
6.4.4 China National Petroleum Corporation (CNPC)
6.4.5 TotalEnergies SE
6.4.6 Epsilon Development Company
6.4.7 Surhan Gas Chemical Operating Company
6.4.8 ERIELL Group
6.4.9 Baker Hughes
6.4.10 Halliburton
6.4.11 BP plc
6.4.12 SOCAR
6.4.13 PetroChina
6.4.14 Tatneft
6.4.15 Schlumberger
6.4.16 KazTransOil
6.4.17 Transneft
6.4.18 Hyundai Engineering
6.4.19 Petrofac
6.4.20 Technip Energies
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-Need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security