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.
France's spending on Russian liquefied natural gas (LNG) surged to over €600mn this year, EU data reveals, Politico reports. The increase comes as French President Emmanuel Macron becomes ... more
WHAT: Oil prices have fallen following Iran's strike against military facilities in Israel. WHY: The risk of escalation was largely priced in last week in anticipation of the strike, and Israel ... more
Liquefied natural gas helps make Europe’s gas supply more secure as it doesn’t rely on existing pipeline infrastructure, allowing EU countries to diversify the sources of their imports, the ... more