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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

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NEWS

Chinese Inroads into Central Asia: Focus on Oil and Gas

20 November 2012

http://www.ensec.org of 11/20/2012 - [Excerpt] Uzbekistan holds an estimated 1.84 trillion cubic meters  of proven natural gas reserves. Russia's  Lukoil has significant investments in the country and has plans to export gas to China. China and Uzbekistan signed an agreement in June 2012 to sell an annual 10 bcm of Uzbek natural gas to China. Uzbekistan is also a transit country for Turkmenistan's gas exports to Russia and China. At the same time, China's Eximbank agreed to provide $74 million to modernize Uzbekistan's gas distribution network to facilitate the flows to China. CNPC established the Sino-Turkmenistan Gas Pipe Corporation to construct a 1,140-mile gas export pipeline from Turkmenistan's eastern fields through Uzbekistan to western China and the interconnection with China's West-East pipeline.  Turkmenistan is designed to be the key contributor of gas to China through this pipeline,  but after Uzbekistan country finalized a gas supply deal with China at the end of 2011, it started exporting its own gas earlier this year. The agreement with Beijing allows the ex-Soviet republic to break away from Moscow's orbit of influence.  Uzbekistan is fully aware of the cost of dependency on Russia when it refused to buy gas from Turkmenistan, contributing to an economic crisis in that country; hence Uzbekistan is seeking to increase its cooperation with China and other countries looking to tap into its vast energy resources.  Read full report here.