Russia

Uzbekistan’s gas transportation system operator, JSC Uztransgaz, plans to modernize its main gas pipelines to boost gas imports from Russia, with a projected investment of up to USD 470 mln. This government-approved project, which runs from 2024 to 2030, aims to address the energy crisis experienced during winter peak loads when the country faced gas shortages of up to 20 mln cubic meters per day. The project will be financed by foreign banks.