Uzbekistan's Energy Minister, Jurabek Mirzamahmudov, announced that American investors are prepared to invest between $3 billion and $4 billion in the country's energy sector. Fergana reports that speaking in an interview with the Uzbekiston 24 TV channel, Mirzamahmudov detailed plans for new projects, including coal gasification, the production of syngas, and the subsequent production of ammonia, methanol, and other high-value-added products.
In addition to these projects, the Ministry of Energy has signed agreements with leading American companies Schlumberger and Baker Hughes to enhance drilling operations through advanced technologies and management practices.
Furthermore, Uzbekistan’s state-owned company, Uzbekneftegaz, has partnered with the American firm Gulf to establish a network of gas stations across the country. The estimated investment for this project is $100 million.
The United States has also expressed interest in modernizing Uzbekistan's gas transportation infrastructure. The US Export-Import Bank (EximBank) plans to finance the replacement of gas units with electric motors at compressor stations. The total cost of this program over the next 2–3 years is expected to exceed $800 million, with EximBank already ready to provide a credit line of $852 million.
American company Air Products is also looking to expand its cooperation with Uzbekistan, with plans to invest in new areas. Previously, the company invested over $1 billion in several projects, including industrial gas processing at a GTL plant, hydrogen production in Fergana, carbon dioxide production at Navoi Azot, and the creation of a shock freezing center.
During a visit to the United States, Uzbek President Shavkat Mirziyoyev met with Air Products CEO Eduardo Menezes. The two sides agreed to accelerate cooperation on building a gas-chemical complex in Bukhara, implementing coal gasification projects, and producing eco-friendly aviation fuel. A roadmap for these initiatives has already been approved.
These investments reflect a growing partnership between the US and Uzbekistan, signaling significant potential for future energy developments in the Central Asian nation.
