KOGAS Says Uzbek Surgil Gas to Start Commercial Output in Oct

Reuters

SEOUL, Sept 16 (Reuters) - Korea Gas Corp (KOGAS) said on Wednesday commercial production will begin in October at its joint venture Uzbekistan gas field and related petrochemical complex, with part of the gas used to produce feedstock products.

The Surgil gas field project in the country's northwest, which KOGAS says holds 130 million tonnes of liquefied natural gas (LNG) equivalent, is an equal venture by Uzbekistan and a South Korean consortium that includes KOGAS, Lotte Chemical, and GS E&R Corp, according to a statement and a KOGAS official.

A total of 3.58 million tonnes a year of LNG equivalent, or 4.5 billion cubic metres of natural gas, will be produced from the offshore project, the KOGAS official said.

Of the total, some 560,000 tonnes a year of gas will be transferred to the Ustyurt Gas Chemical Complex, located 110 kilometres away, to produce 460,000 tonnes a year of petrochemical feedstock polymers, according to the statement and the official.

Uzbekistan's state-run oil and gas company Uzbekneftegaz will buy the remaining gas, equivalent to over 3 million tonnes a year of LNG, he added.

(Reporting by Meeyoung Cho; Editing by Biju Dwarakanath)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Lease Operator/ Pumper
Expertise: Production Operator
Location: Denver City, TX
 
United States Alvarado: Explosive Products Operator, Associate
Expertise: Production Operator
Location: Alvarado, TX
 
U.S. - Zanesville: Entry Level Operator Assistant I - Operator Assistant II
Expertise: Production Operator
Location: Zanesville, OH
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours