AUG. 26 2014 (The Conway Bulletin) – Turkmenistan has signed another major gas supply deal, underlining its growing status as a regional energy super-power. A Turkish-Japanese consortium will build a $1.7b gas plant in Turkmenistan that will process natural gas into high quality fuel for export. Most of Turkmenistan’s natural gas it pumped to China.
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(News report from Issue No. 197, published on Aug. 27 2014)
FEB. 24 2014 (The Conway Bulletin) — Turkmenistan has begun constructing a gas chemical complex on the shores of the Caspian Sea, media reported. Turkmenistan has grown wealthy from natural gas sales over the past few years and is trying to boost its domestic industrial base.
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(News report from Issue No. 173, published on Feb. 26 2014)
SEPT. 13 2013 (The Conway Bulletin) — In a consortium with two other unnamed companies, South Korea’s Hyundai Engineering & Construction won a $3.4b contract to build an ethane treatment plant in Turkmenistan, media reported. The contract, with Turkmengas, demonstrates just how wealthy Turkmenistan has become over recent years.
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(News report from Issue No. 152, published on Sept. 18 2013)
JULY 24 2013 (The Conway Bulletin) — Uzbekneftegaz, the Uzbek state energy company, has completed the first phase of an upgrade of the Mubarek Gas Processing Plant near Bukhara for $170m, Uzbekistan’s economy ministry said. Upgrading the 1971 gas processing plant is part of a wider investment project to modernise Uzbekistan’s infrastructure.
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(News report from Issue No. 145, published on July 29 2013)
MAY 19 2012 (The Conway Bulletin) – An Uzbek-South Korean joint venture said it had secured a $2.5b loan from a consortium of banks to build a gas plant in the northwest of the country. The planned gas plant at the Surgil field is considered an important part of Uzbekistan’s future energy policy and will create 1,000 jobs.
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(News report from Issue No. 089, published on May 25 2012)