Author: Javohir Usmonov
Javohir focuses on Uzbekistan's business environment, state-owned companies, financial regulation and the relationship between public institutions and private enterprise.
Turkmengaz has halted natural gas deliveries to Russia’s Gazprom following a breakdown in price negotiations, ending a five-year supply arrangement that had delivered 5.5 billion cubic metres annually. The head of the Turkmen state concern says commercial talks are continuing, while Ashgabat simultaneously pursues a fourth pipeline branch toward China.
Six major energy projects worth $4.7 billion were signed at a meeting chaired by President Shavkat Mirziyoyev, who also ordered the preparation of the country’s first National Energy Master Plan through 2050 and announced a new Investors Council to cut bureaucratic delays.
Household liquefied gas prices are proposed to more than double to 5,000 soums per kilogram from November 1, 2026, under a plan that would also introduce a targeted 158 billion soum compensation scheme to shield families on the Social Protection Register from the full impact of the increase.
A protocol from an extraordinary general meeting of UzPost shareholders has confirmed that the national postal operator’s 92.9% state stake was transferred to a Wildberries subsidiary under trust management — a fact the head of the State Assets Management Agency publicly denied as recently as October 8.
Aksa Enerji to manage power grids in Tashkent, Jizzakh and Syrdarya regions after presidential talks
Aksa Enerji’s chairman announced plans to sign grid management agreements for three additional regions within a week, following a meeting with President Mirziyoyev on October 16. The move extends a public-private partnership model first applied in Samarkand, where the Turkish firm committed to investing $1 billion over 30 years.
Deputy Prime Minister Jamshid Khojayev and Russian First Deputy Prime Minister Denis Manturov led talks in Fergana that produced plans for 17 joint industrial projects worth $350 million, a major Wildberries logistics complex near Tashkent, and a bilateral science and technology strategy stretching to 2040.
Average monthly electricity consumption per household fell from 212 kWh in 2023 to 184 kWh in 2025, while gas use dropped from 431 to 342 cubic metres, as tiered tariffs replaced a subsidy system that officials say had channelled most state support to high-income consumers.
President Shavkat Mirziyoyev has announced the preparation of 128 new oil and gas investment blocks carrying estimated reserves of 5.8 trillion cubic metres of gas and 560 million tonnes of liquid hydrocarbons, while setting a deadline of end-2027 for transferring the country’s entire propane supply network to private operators.
President Shavkat Mirziyoyev has announced 12 localization projects worth $850 million targeting energy storage control modules, wind turbine components and high-voltage equipment, alongside a new specialized industrial zone in the Farish district of Jizzakh to supply the country’s planned nuclear power plant.
President Shavkat Mirziyoyev has announced that private operators will be invited to manage electricity distribution networks in the Jizzakh and Tashkent regions, scaling up a model piloted in Samarkand where Turkish company Aksa Enerji holds a 30-year management contract requiring at least $350 million in investment over its first decade.
President Shavkat Mirziyoyev has announced a National General Plan for the energy sector through 2050, shifting away from a model that let investors choose project locations and toward centrally planned, competitively tendered capacity with pre-defined grid connections — with the first tender covering 2.2 GW of solar and wind power due shortly.
President Shavkat Mirziyoyev has signed six major energy project agreements totalling $4.7 billion and declared that reducing losses in the electricity grid will now be a central investment priority alongside launching new generation capacity.
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