What are the prospects for energy development in Central Asia?

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What are the prospects for energy development in Central Asia?

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Central Asia has enormous potential for energy development. Kazakhstan has the potential to be one of the five top exporters of oil by 2015. Its production in 2002 will likely exceed 900,000 barrels a day, increasing to as much as 5 million barrels per day in 2015, more than Kuwait or Iran. Turkmenistan has one of the world’s largest deposits of natural gas — estimated at 101 trillion cubic feet — and oil production of about 160,000 barrels per day. While the Caspian region will not rival total Middle East production, it is on track to become the largest non-OPEC source of production growth in the next decade. Also, there is enormous potential for hydropower in Tajikistan and Kyrgyzstan, which could contribute to meeting energy needs in Central Asia, Afghanistan, and parts of South Asia. Because the Caspian Basin is land-locked, producers there face monumental challenges getting their hydrocarbon resources to world markets. To support these countries in achieving their potential and

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