Foreign consortium to build major gas processing plant in Turkmenistan
Ashgabat, Turkmenistan, Apr. 22
By Huseyn Hasanov- Trend:
The Turkmen State Concern 'Turkmengaz' together with a consortium of LG, Hyundai (South Korea) and Itochu (Japan) companies plans to build a plant for processing of natural gas into liquid synthetic fuels (gas-to-liquids process - GTL), the Turkmen government said in a message Apr. 22.
The issue of preparation to the groundbreaking ceremony of the foundation of this enterprise in Akhal, the central region of Turkmenistan, was discussed at a meeting of the Cabinet of Ministers of the country, according to the message.
President of Turkmenistan Gurbanguly Berdimuhamedov noted a significant role of
gas processing industry, focusing attention on its intensive development, which is intended to facilitate an integrated industrialization of regions, diversification of the national economy, increasing manufacture of products in demand on the global markets.
The president instructed to take under special control the issues relating to the implementation of new large investment project in the Akhal region, as well as provision of the plant with modern technologies and equipment.
The Turkmen president said that this industrial complex should meet all safety requirements for the environment.
It is expected that the new complex will annually process 3.7 billion cubic meters of natural gas and produce 1.1 million tons of diesel fuel, as well as 400,000 tons of straight-run gasoline (naphtha) in a year.