Reducing grid losses to become priority for energy investment, president says
Uzbek President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector, presidential press secretary Sherzod Asadov said.
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Uzbek President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector, presidential press secretary Sherzod Asadov said.
Aisen Nikolaev, head of the Sakha (Yakutia) Republic and chair of the State Council's energy commission, took part in a session of the international forum Russian Energy Week. Heads of federal agencies, nuclear and hydropower generators, regional leaders and lawmakers discussed launching a new investment cycle in the electricity sector and the mechanisms for attracting investment in generation facilities.
Uzbekistan will now plan in advance the capacity each region needs and put ready projects out to open tender. President Shavkat Mirziyoyev announced this during an open dialogue with investors in the fuel and energy sector.
Trend reported on 17 October 2026 that Iran bought more than $11 million worth of natural gas from Azerbaijan over eight months. Because the article belongs to Trend's paid Premium section, the headline is the only publicly available text of the story.
Azerbaijan produced 2,281 kg of gold and 2,813.8 kg of silver in January–September 2026, according to data from the State Statistics Committee cited by Report.az. The report was published on 17 October 2026.
Uzbek President Shavkat Mirziyoyev held a series of meetings on October 16 with participants of the Investment Council in the fuel and energy sector. One of the meetings was attended by Mohammed Abunayyan, head of Saudi company ACWA Power.
Uzbekistan has proposed raising the monthly basic electricity norm from 200 kWh to 350 kWh for residents of non-gasified areas and territories with natural gas supply interruptions. Deputy Minister of Economy and Finance Khurshed Mustafayev announced the proposal at an October 14 press conference.
Registration has closed for the 31st International Conference and Exhibition “Oil and Gas of Turkmenistan – 2026” (OGT 2026), according to Turkmenistan Today. More than 1,700 delegates from 75 countries, representing 450 companies, have confirmed their participation. The forum will take place on 21–23 October in Ashgabat.
According to Spot, President Shavkat Mirziyoyev held a series of meetings on October 16 with members of the Investors Council in the fuel and energy sector. In one meeting, he discussed expanding cooperation in Uzbekistan with Cemil Kazancı, chairman of the board of directors of Turkey's Aksa Enerji. The sides agreed to accelerate work on specific projects.
President Shavkat Mirziyoyev said in an open dialogue with investors in Uzbekistan's fuel and energy sector that the capacity each region needs will now be planned in advance, and ready projects will be put out to open tender. He noted that Uzbekistan has gained wide experience in preparing energy projects and working with investors.
Uzbekistan plans to hand over liquefied gas supply across the country to the private sector in 2027. President Shavkat Mirziyoyev announced the plan during an open dialogue with investors in the fuel and energy sector. Currently, 3.8 million households in the country use liquefied gas. The supply system, previously a state monopoly, is gradually introducing market mechanisms.
According to the State Statistical Committee, Azerbaijan exported 175.237 million cubic metres of natural gas worth $11.793 million to Iran during January–August 2026. Over the same period it imported a larger volume from its southern neighbour: 215.022 million cubic metres, valued at $14.471 million.
Aisen Nikolaev, head of the Republic of Sakha (Yakutia) and chair of the State Council's energy commission, spoke at a discussion held at the Russian Energy Week international forum on balancing economics and regional specifics in the social gasification programme. He said building one kilometre of gas pipeline in permafrost and low temperatures can cost two to three times the national average.
Uzbekistan’s President Shavkat Mirziyoyev held an open dialogue with fuel and energy sector investors, citing the country’s natural resources, industrial capacity and young workforce as potential for international energy partnership.
President Shavkat Mirziyoyev said on 16 October, during an open dialogue with fuel and energy investors, that Uzbekistan has invested more than $2 billion in modernising its electricity grids since 2021. Key priorities include upgrading grid infrastructure and developing energy storage systems.
President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector. Calling energy the heart of development, Mirziyoyev stressed that a stable energy supply is important for entrepreneurs' capital and for people's confidence in tomorrow.
Taçoy said the strike at K-Pet will not cause any fuel shortage in the country. He said the fuel and gas the market needs is being supplied by an alternative supplier.
President Shavkat Mirziyoyev said Uzbekistan is advancing plans with Azerbaijan and Kazakhstan to export green electricity to Europe via the Caspian Sea. He made the remarks on October 16 at a meeting with investors in the fuel and energy sector in Tashkent. The country is stepping up energy infrastructure investment after allocating more than $2 billion to electricity grid modernization over the past five years. The report was published on the official channel of the President's press secretary, Sherzod Asadov.
Uzbek President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector. He noted that in the initial stage, projects to quickly build green capacity were often located in areas proposed by investors. This attracted significant investment, but in some places capacity became concentrated and the cost of transmitting electricity to other regions increased.
President Shavkat Mirziyoyev is holding an open dialogue with investors in the fuel and energy sector. Over the past five years, more than $2 billion has been directed to modernizing electricity grids. The next major task is renewing the networks and developing energy storage systems.
The social gasification potential in Yakutia exceeds 14,000 homes, according to the head of the republic, Aisen Nikolaev, who spoke at the Russian Energy Week forum.
Bishkek and the Japanese city of Nagoya plan to cooperate on reducing emissions and improving energy efficiency in urban infrastructure. The next step will be preparing a memorandum under a two-year partnership program, the city hall said.
Azerbaijan's State Oil Fund (SOFAZ) received approximately $4.6 billion in net revenues from the sale of state-owned hydrocarbons as of October 15, 2026, the fund told APA-Economics in response to an inquiry.
President Shavkat Mirziyoyev received a delegation led by Muhammad Abunayyan, co-chair of the Uzbekistan-Saudi Business Council and chairman of the board of ACWA, within the first meeting of the investors' council in the fuel and energy sector.
Today's top Turkic news: Uzbekistan-China ties, Samarkand visit, Kulubaev-Rubio talks, Northern Cyprus festival and Turkmen desertification centre.
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