Russia makes gas inroads in Central Asia
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
Russia could scale up gas exports to Central Asia to as much as 20bcm/yr within the next few years, taking advantage of the region’s growing supply shortfall to cushion the blow of lost revenues in Europe. Expanding energy ties with its former Soviet neighbours will also allow Russia to exert more political influence over them at a time when Moscow faces increasing international isolation over its invasion of Ukraine. It could also use the region as a route for sending more gas to China in the near term—in the absence of progress in talks with Beijing on building a second Power of Siberia pipeline. Having lost most of its market share in Europe, likely for good, Russia is scrambling to find
Also in this section
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions