Energy-rich Turkmenistan invites foreign investors to participate in the development of the gas and chemical industry.
The country plans to build several large gas chemical complexes, a source in the fuel and energy complex of the country said.
These large complexes will focus on the production of polyethylene, polypropylene, polyvinyl chloride, monoethylene glycol, dimethyl ether and other chemical products using modern technologies for extraction of ethane from natural gas, as well as using methanol to olefin technology for methane recovery and processing.
In addition, the work on the construction of a plant for the production of liquid petroleum products from natural gas (using GTL technology) is currently underway.
Turkmenistan is ready to study other proposals on the organization of investment projects aimed at high-technology processing of natural gas and the production of export-oriented products, according to the source.
It is possible to use several forms of mutually beneficial cooperation for participation in the implementation of the project, including Production Sharing Agreements, service contracts – for field development projects and construction of gas chemical plants, and creation of joint ventures – for servicing and repairing oil and gas equipment, managing the production process as well as marketing.
The country aims at strengthening the development of the gas and chemical industry in the next 10 years by implementing numerous projects in this area. Particularly, it is planned to reconstruct a natural gas processing plant and launch production of liquefied gas at the Bagaja deposit in Lebap province and build a gas and chemical complex with the capacity of 80,000 tons of styrene-butadiene rubber and 45,000 tons of polystyrene per year on its basis.
A big investment project is proposed to be implemented at the field of Central Karakum, located near the Yylanly gas compressor station in the Dashoguz province. As part of the project, it is planned to build a plant to process two billion cubic meters of natural gas and produce 70,000 tons of liquefied gas.
The country also plans to build a gas and chemical complex in the Kiyanly village of Balkan province in order to produce 200,000 tons of linear low-density polyethylene, 390,000 tons of polypropylene, 100,000 tons of polyvinylchloride, 10,000 tons of liquefied gas, 82,000 tons of caustic soda and 10,000 tons of hydrochloric acid.
Turkmenistan is one of the key players in the energy industry of the Caspian region. The Central Asian state has the world’s fourth largest natural gas reserves.
Currently, the country supplies gas to China and Iran. (AzerNews/Business World Magazine)
