Air Products inks $1bn deal to acquire, own and operate industrial gas complex in Uzbekistan

By Muzaffar Ismailov in Tashkent May 30, 2023

US corporation Air Products and Chemicals has announced a $1bn deal with the Uzbek government and state-owned Uzbekneftegaz (UNG) to acquire, own and operate a natural gas processing facility in the country. 

UNG runs a 1.5mn tonne/year natural gas-to-syngas industrial complex is an integral part of Uzbekistan GTL [gas-to-liquids] facility. Under the deal, Air Products will by 2025 acquire, own and operate two large-scale air separation units, two large-scale auto-thermal reforming units and a hydrogen production unit within the and supply oxygen, nitrogen, hydrogen and syngas specified by a long-term contract.

The production complex is located in the Karakul Free Economic Zone situated in Uzbekistan's Bukhara region.

"The project, which is fully aligned with Air Products’ core industrial gas business and competencies, will enable UNG to focus on producing low-cost, high-purity fuels and the Republic of Uzbekistan to meet its growing energy production and societal needs," said Air Products.
 
 
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Report says explosion hit pipeline that delivers Turkmen gas to Russia, but Turkmenistan no longer sells gas to Moscow

Ukrainian outlet Kyiv Post on August 2 reported sources within Ukraine's Main Military Intelligence Directorate (GUR) as stating that an explosion in Russia disabled a section of ... more

New agreement provides for more than 1,000 weekly flights between Uzbekistan and Russia

Uzbekistan and Russia have struck an agreement under which the number of weekly direct flights between the two countries can be more than tripled to more than 1,000 per week, according to ... more

Construction work on $4.6bn Trans-Afghan Railway could reportedly be under way within six months

Construction work on the proposed Trans-Afghan Railway could be under way within six months, while the project could cost around $4.6bn to deliver and cut shipping transit times from Uzbekistan to ... more

Follow Us On

Most Read

  1. Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
    1 year ago
  2. Hungarian economy faces weak growth, slow path to price stability, central bank report shows
    2 months ago
  1. Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
    1 year ago
  2. Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
    21 days ago
  3. BERTRAND: China after Communism, preparing for a post-CCP China
    1 month ago
  4. Hungarian economy faces weak growth, slow path to price stability, central bank report shows
    2 months ago
  5. UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
    5 months ago

Reports

Dismiss