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Sibur, Gazprom Neft and Uzbekneftegaz consider investing in Shurtan Gas Chemical Complex

CIS GAS MONETISATION

Sibur, Gazprom Neft and Uzbekneftegaz consider investing in Shurtan Gas Chemical Complex

Sibur, Gazprom Neft and Uzbekneftegaz have agreed to cooperate on potential investments in Uzbekistan including a major expansion of Shurtan Gas Chemical Complex (SGCC) and the proposed construction of a new gas chemicals facility - Neftegaz.ru reports with reference to ChemWeek.

The cooperation agreements were signed by the 2 Russian companies and Uzbekneftegaz last week during an official visit to Moscow by a delegation from Uzbekistan’s energy ministry.

Three companies will also “consider the possibility of joint implementation of an investment project for the construction of a gas chemical complex based on natural gas resources produced in Uzbekistan with a capacity of up to 3 billion cu m,” Sibur says. The location for the new complex and potential investment amounts have not been given.

The signed cooperation agreement for the projects includes “the creation of a gas chemical complex using methanol-to-olefins [MTO] technology, and the expansion of the production capacity of the Shurtan Gas Chemical Complex,” siad Uzbekistan’s energy ministry.

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