New Energy research report from Business Monitor International is now available from Fast Market Research

Boston, MA -- (SBWire) -- 02/08/2013 --BMI View: Conventional gas deposits should enable the country to boost its output and exports, with some surplus gas destined for a Sasol-operated GTL scheme. Oil volumes may depend, however, on the utilisation of oil shale deposits - an area in which the outlook is far less certain.

The main trends and developments in Uzbekistan's oil & gas sector are:

- Uzbekistan has an estimated 340bn barrels (bbl) of oil shale deposits and Uzbekneftegaz plans to establish a US$600mn joint venture (JV) project that will convert the oil shale into petroleum products. Production is due to start by 2013, with an annual capacity of 1mn tonnes of liquid hydrocarbons.
- Without early success in enhanced recovery, shale-based production and/or new field development, we believe crude oil supply - including lease condensate but excluding natural gas liquids - will decline to 51,470b/d by 2016, bringing total liquids production to 96,180b/d. However, additional gas liquids volumes - thanks to our forecast for higher gas output from Uzbekistan - should help stem a rapid fall, total liquids output steadying at about 95,840b/d in 2021.
- A gas-to-liquids (GTL) plant planned by Sasol, Petronas and Uzbekneftegaz may soon be developed if a final investment decision (FID) is made by the second half of 2013 as expected. It is estimated that the total cost of the scheme will be around US$2.74bn.
- We estimate that gas production came in at about 58.3bcm in 2011 and continued to dip lower to 57.7bcm in 2012. We expect this trend to be reversed in 2013, however, and to rise to 60.4bcm by 2016 as new fields enter production. Gas output could rise to 66.6bcm by 2021, based on current investment activities. Risk appears to be to the upside in terms of output, thanks to the combined efforts of domestic and international companies, plus infrastructure expansion and rising regional demand for Uzbek gas.

View Full Report Details and Table of Contents

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Northern Oil & Gas, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2012
- Advantage Oil & Gas Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2012
- Forent Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2012
- OJSC Rosneft Oil Company Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2012
- Bonterra Energy Corp Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2012
- ARC Resources Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2012
- Petrobank Energy and Resources Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2012
- FairWest Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2012
- Vero Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis – Q1, 2012
- Petro-Reef Resources Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2012