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Turkmenistan preparing new investment projects in energy sector

Oil&Gas Materials 25 May 2018 09:42 (UTC +04:00)

Ashgabat, Turkmenistan, May 25

By Huseyn Hasanov - Trend:

In accordance with the General plan for the development of the gas industry of Turkmenistan, by the summer of this year, "Turkmengaz" SC plans to prepare feasibility studies of a number of new investment projects, Chairman of the State Concern Myrat Archaev said at the International Gas Congress in Avaza, a source close to the organization of the forum told Trend May 24.

Among those projects, there is reconstruction of a plant for processing of natural gas and production of liquefied gas at the Bagaji field in Lebap velayat (region), on the basis of which it is planned to build a gas chemical complex with a capacity of 80,000 tons of butadiene-styrene rubber and 45,000 tons of polystyrene per year.

In addition, the possibility of construction of a plant for processing of ethane and production of polyvinyl acetate, with a capacity of 55,000 tons per year, at the fields of Central Karakum, located near the gas compressor unit Yilanli in Dashoguz velayat.

The experts of the French Beicip Franlab company, which is a consultant of the "Turkmengaz" State Concern for the construction of gas chemical complexes, noted that, this project is economically profitable and will not require large costs.

Thus, Turkmenistan will not only strengthen its position in the world energy market as the largest energy supplier, but will also qualitatively change the nature of its presence in it by diversifying the commodity structure of energy exports, and by actively developing new forms of international energy business, said the minister of state.

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