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DATE : 18-08-23 13:17
Energy in Central Asia: Who Has What?
 WRITER : admin
 

Kazakhstan, Turkmenistan, Uzbekistan and a breakdown of their energy resources.

Energy in Central Asia: Who Has What?

Each summer, BP releases a statistical review of world energy. The review — in its 66th year — is well regarded and draws on a variety of sources, giving one of the most comprehensive views of energy reserves and consumption around the world.

Buried amid the tables are Central Asia’s three energy-rich states: Kazakhstan, Turkmenistan, and Uzbekistan. As energy plays a central role in the economies of these states, it’s worth taking stock of where the last few tumultuous years have left them.

Of course, what happens in Central Asia’s energy markets is necessarily impacted by global trends. In the review’s intro, BP CEO Bob Dudley writes, “Global energy markets are in transition.” He points to Asia a major arena of growth, rather than “traditional markets” in the OECD. A focus on efficiency has led to stagnating consumption and “environmental needs and technological advances” are shifting consumption toward cleaner sources. For oil, 2016 was a “year of adjustment” and for gas, “global production was essentially flat” with the exception of liquefied natural gas (LNG) exports.



 
 

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