Uzbekistan's energy sector: The production of natural gas and its effects on country's development

Write methodology for above topic

include time series data, time period, data sources, dependent and independent variables, correlation matrix, selection of dependent and independent variables.

Use your own model.

Methodology should use quantitative data.

Give more details based below literature review.

Literature Review Uzbekistan has an energy conservation program, according to Bobuljon (Er. Komarova (2018), which was introduced after independence was achieved to protect the country's energy security and to use energy resources to facilitate socio-economic growth. The policy rests on a strong commitment to the energy sector and natural gas operations. As a result, we can exert a clear inuence on natural gas production. First, the aim of the strategy is to increase production from land resources and reduce the use of petroleum and natural gas. For example, the policy aims to encourage the growth of the natural gas sector by promoting the replication of the shale gas extraction method in other parts of the world. The policy would have the effect of increasing the financial stability of the energy sector, thus attracting further investments. The plan would increase public access to electricity in the form of natural gas, as well as liquefied natural gas, as well as propane. Although the economy of Uzbekistan has been negatively impacted by the energy service sector and gas super prots, the negative impact has been caused by other areas. First and foremost, revenues generated from the sales of natural gas and the supply of electricity have encouraged the economic growth of the country's economy. The gross domestic product of the country has risen substantially over the years. The lnds used to support the government of Uzbekistan would ultimately enable it to improve the welfare of the people of Uzbekistan by supporting projects and programs that promote the development of communities and cities (Grabara, Tleppayev, Dabylova, Mihardjo, Dacko-Pikiewicz 2021). In addition to electricity and oil, companies have been successful because of their secure and stable supply. Many of the companies in the United States are operated by electricity. On the other hand, crude oil production has attracted FDI due to its potential to produce cleaner air. District heating has grown in several cities and towns in Uzbekistan including Fergana, Bukhara, Tashkent, Navoi, and Kokand making them inhabitable. Since cities are on the rise due to thermal warming, this means that certain cities have been slower in terms of developing. According to M.P.Barry's reviews, the results of the appeal of foreign investors to the Uzbek natural gas sector were shown by the application of the Computable General Balance Model (CGE) 3. At this point, the author argues that having a dual role as manufacturer and controller of UzbekNeeGaz, a state-owned company that operates all energy sectors independently, results in a conict of interest among foreign investors. However, foreign investors think that "Uzbekistan is good investment opportunities." CGE modeling denes the entire economic relationship in mathematical terms and places it in a form that allows the model to predict changes in variables such as prices, output and economic well-being