Uzbekistan plans to increase exports of electrical products to Europe, countries of South Asia and the Middle East Yuri Kutbitdinov,
chief Research Officer of the Center for Economic Research and Reforms under the Administration of the President of the
Republic of Uzbekistan
There are about a thousand manufacturing enterprises operating in the electrical engineering sector of Uzbekistan, most of them small, producing over two thousand types of products. Almost all enterprises in the industry are privately owned. The total number of people employed in the industry exceeds 35,000.
The 76 largest enterprises in the industry, which produce over 90% of all electrical engineering products, are members of the Association of Electrical Engineering Manufacturers (UzEltechSanoat). Of these, 18 enterprises manufacture electrical wires and cables, 27 enterprises manufacture household appliances, and 32 enterprises manufacture power transformers and other electrical products.
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- EGF Editor |
Published on EGF: 20.07.2024
| Energy
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Azerbaijan’s new strategy is to become a green energy hub
By Fuad Shahbazov, Baku-based independent regional security and defence analyst
Two agreements signed at the end of May advanced Azerbaijan’s efforts to establish itself as a key energy provider in Southeast Europe, going beyond its role as a producer of hydrocarbons to enter the electricity markets in the region as well. On May 29, Azerbaijan, Georgia, Romania and Hungary signed a memorandum to create a joint venture as part of the implementation of the Black Sea Energy Caspian-Black Sea-Europe Green Energy Corridor project. The first agreement regarding the submarine cable was signed in 2022 and it is supposed to be fully operational in 2029. The Black Sea submarine cable will be 1,195 km long and is set to be an important pillar of the transition to green energy, with the plan to integrate it into the EU's internal electricity market. As an attempt to diversify energy supplies in response to Russia's war in Ukraine in February 2022, the Black Sea cable is of particular importance. READ MORE
- EGF Editor |
Published on EGF: 21.06.2024
| Energy
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Uncertainty abounds in talks on the possible export of Turkmen gas to Europe By Vasif HUSEYNOV, PhD, Head of Department, AIR Center, Adjunct Lecturer, ADA and Khazar Universities, Baku
On May 14, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar and Azerbaijani Minister of Economy Mikail Jabbarov signed an agreement on cooperation in the field of natural gas, including the export of Central Asian gas to Türkiye. Bayraktar told the media that by 2030, Türkiye is expected to receive increased gas supplies from Azerbaijan’s natural gas deposits and the Caspian Sea’s natural gas reserves, though he did not specify how much. Some of the gas flowing to Türkiye will transit onward to Europe. Bayraktar highlighted that a key aspect of the deal was arrangements for transporting Turkmen natural gas to Türkiye via Georgia and Azerbaijan. In recent years, traditionally isolated Turkmenistan has begun to seek more cooperation with outside partners, especially in the energy sector. The transit of Turkmen gas to Türkiye and onward to European markets would go a long way in removing ongoing reliance on Russian supplies. While Bayraktar did not disclose the planned transit route for the Turkmen gas to Azerbaijan or the amount of gas involved, several recent developments offer hints on how the two sides plan to carry out this project.
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- EGF Editor |
Published on EGF: 07.06.2024
| Energy
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Azerbaijan is now a major contributor to Europe's energy security By Vasif HUSEYNOV, PhD, Head of Department, AIR Center, Adjunct Lecturer, ADA and Khazar Universities, Baku
In the shifting landscape of global energy dynamics and geopolitical uncertainties, the relationship between Azerbaijan and the European Union (EU) has emerged as a beacon of mutually beneficial and strategic partnership. The relationship between the two sides is multilayered and is of wider geostrategic importance. While the EU, among others, is a major partner for Azerbaijan constituting about 65 percent of its total foreign trade, Azerbaijan is a critical country for the EU in the Europe-Asia connectivity, and as an energy supplier. The cooperation in the field of energy is particularly of great importance for both sides and has gained momentum against the backdrop of regional geopolitical upheavals and efforts to pursue green transition.
The two sides have forged a strategic partnership in the field of energy that is pivotal for both sides economic prosperity and energy security. Ursula von der Leyen, President of the European Commission, called Azerbaijan a “reliable partner” of the EU, when she signed the deal on the strategic partnership with President Ilham Aliyev of Azerbaijan, on July 18, 2022.
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- EGF Editor |
Published on EGF: 27.03.2024
| Energy
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Black Sea Energy Submarine Cable – New Transit Role of Georgia By Nika CHITADZE, PhD, Director of the Center for International Studies, Tbilisi
The third decade of the 21st century, along with other global events and changes, is remarkable in terms of energy. The global cataclysms and the ongoing war on the European continent have particularly highlighted the political and ecological importance of energy. Despite the vital challenges, Europe is firmly committed to the policy of the Green Energy Agreement and the way to combat climate change.
The reduction of fossil fuels was already a priority of the environmental policy, which was not only changed after the start of the war by Russia but also the sanctions introduced against the aggressor were added. Sanctions mostly apply to energy carriers, which Russia has been using as political leverage for many years. The created situation showed us that Europe needs reliable corridors for the import of the same products along with the production of green energy. This situation opens completely new opportunities for several countries, among which Georgia occupies a key place – Georgia, which is an important link of the middle corridor.
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- EGF Editor |
Published on EGF: 16.02.2023
| Energy
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How Will the Ukraine Crisis Shape the World Energy Market?
By Fuad SHAHBAZOV, Baku-based independent regional security and defence analyst
Russian military aggression against Ukraine launched almost two months ago has clearly signalled a change in the traditional world order and triggered the unprecedented reaction of the Western coalition led by the U.S. The ongoing conflict between Russia and Ukraine has left the global energy market uncertain, threatening to cause severe energy shortages and oil prices exceeding $110 per barrel.
Since the Russian intervention in Ukraine kicked off, numerous sanctions packages have been imposed on Russia, hitting mostly financial institutes and state-owned companies. This resulted in Western countries’ consolidation, and the collective refusal of Russia-related transactions and import of Russian natural gas, oil, and coal. READ MORE
- EGF Editor |
Published on EGF: 12.05.2022
| Energy
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Can Uzbekistan Adapt to the Consequences of Global Climate Change? By Embassy of the Republic of Uzbekistan in the Kingdom of Belgium
“Global climate change is one of the most serious challenges of our times. It is also becoming a significant obstacle to sustainable development”, - said Marat Aitov, Head of department of the Institute for Strategic and Regional Studies under the President of Uzbekistan in an analytical note “Can Uzbekistan adapt to the Consequences of Global Climate Change?”, reports “Dunyo” IA correspondent. Rising global temperatures contribute to destructive extreme weather events around the world, such as sweltering heatwaves, droughts, fires, hurricanes, torrential rains, and floods.
According to the UN, over the past 5 years the average global temperature has been among the highest in the entire history of observations. World Bank projects that by 2050 216 million people in six regions will become climate refugees, including 5 million people in Central Asia.
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- EGF Editor |
Published on EGF: 25.10.2021
| Energy
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Nuclear Energy for Uzbekistan: Achieving Decarbonization Targets and Resolving Energy Shortages Embassy of the Republic of Uzbekistan in the Kingdom of Belgium
On 29 January 2021 the Brussels-based media outlet EU Today and the Brussels Press Club in Brussels hosted a conference dedicated to the construction of nuclear power plants in Belarus, Turkey and Uzbekistan. Despite the fact that plans for the construction of new power units are being considered at various stages both in the EU member states-Finland, Hungary, the Czech Republic, Bulgaria, and in the UK, Pakistan, the United Arab Emirates, etc., the discussion was focused on these countries. Much attention at the conference was paid to the construction of nuclear power plants in Uzbekistan.
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- EGF Editor |
Published on EGF: 03.03.2021
| Energy
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The Role of the ESP in Gazprom’s European Sales Strategy By Jack Sharples, PhD, Research Fellow of the Oxford Institute of Energy Studies and EGF Associate Researcher on the External Dimensions of Russian Gas
Gazprom Export launched its Electronic Sales Platform (ESP) in the context of an increasingly competitive European market. Sales volumes have grown, and have averaged 2 bcm per month since April 2019. As a result of this growth, the ESP is now a key part of Gazprom’s European sales strategy: It generates additional sales revenues, optimises Gazprom’s use of is physical export infrastructure, and provides a constant flow of valuable market data that informs Gazprom’s wider sales strategy. Sales are largely concentrated in four countries, while deliveries are split between Ukrainian and non-Ukrainian routes. ESP sales prices closely track European hub prices for comparable products, and the sales volumes show that Gazprom’s counterparties consider the ESP an attractive offering. The operation of the ESP highlights the crucial element of Gazprom’s European sales strategy: The importance of nuanced optimisation, as Gazprom seeks to maximise its sales volumes without placing excessive downward pressure on European hub prices that would impact revenues from its hub-indexed LTC portfolio. Overall, the ESP demonstrates how far Gazprom has evolved in the past decade, as it seeks to retain market share on an increasingly competitive European market. READ MORE
- EGF Editor |
Published on EGF: 22.12.2020
| Energy
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The 100th Issue of Gazprom Monitor By Jack Sharples, Research Fellow of the Oxford Institute of Energy Studies and EGF Associate Researcher on the External Dimensions of Russian Gas
Dear Colleagues,
It is with great pride that we send you this 100th edition of the Gazprom Monitor.
The Gazprom Monitor was the brainchild of Dr Marat Terterov, Founder of the European Geopolitical Forum and the Brussels Energy Club. The first issue of the Gazprom Monitor was published in December 2010. […] Since that first edition, almost nine years ago, we have seen the launch of Nord Stream, the replacement of South Stream and Nabucco by the Turkish Stream and TANAP-TAP pipelines, a dramatic increase in the use of hub-indexation in place of oil-indexation in Gazprom’s long-term export contracts, the conduct and settlement of the EU antimonopoly investigation into Gazprom, the launch of Gazprom’s own Electronic Sales Platform, the completion of Gazprom’s acquisition of the Belarusian gas pipeline system, the long-running sagas of the Gazprom-Naftogaz and Gazprom-Lithuania arbitration cases, the cessation of direct Ukrainian gas imports from Russia, the sale of Gazprom’s shares in pipelines in the Baltic states, the launch of new LNG import terminals in the Netherlands, Lithuania, Poland, and France, opening the door to competing LNG from around the world including, most recently, from the United States, and the volume of Gazprom’s annual gas exports to Europe growing to record levels in 2017 and 2018.READ MORE
- EGF Editor |
Published on EGF: 30.10.2019
| Energy
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