BP Moves to Unlock a Potential Gas Bonanza in Eurasia

A flurry of recent deals and announcements suggest significant new reserves of natural gas are contained in the Ustyurt Plateau, which spans western sections of Kazakhstan and Uzbekistan. The prospect of a major Ustyurt find is, in turn, helping to fuel interest in building a trans-Caspian gas corridor. The UK energy giant BP is shaping up as the pivotal player in the development of Ustyurt’s potential energy riches. On April 2, a company subsidiary signed an exploration deal with the Kazakh state-run entity KazMunayGaz covering a “promising…