The Uz-Kor Gas Chemical JV will complete construction of the est. $4.1 billion Ustyurt Gas Chemical Complex in 2015 allowing Uzbekistan to significantly expand its gas production. Currently Uzbekistan has around 10bcm/yr available for export.
Work on the plant began in 2011. It is scheduled to process some 4.5 billion cubic metres per year of gas and produce up to 4 bcm/y of commercial gas, as well as 387,000 tons per year of polyethylene, 83,000 tpa of polypropylene and about 102,000 tpa of pyrolysis gas.
The complex is being developed by Uz - Kor Gas Chemical JV which is a joint venture between the national gas company Uzbekneftegaz and a Korean consortium (consisting of Kogas, Honam Petrochemical and STX Energy). Funding of the construction of the complex is on a joint basis assisted by $2.54 billion in Asian, European and Uzbek bank loans.
The Surgil, Vostochny Berdakh-Uchsay and Severny Berdakh fields will serve as the resource base for the complex. The largest of them – Surgil – contains about 120 bcm of gas.
The whole project involves the development of three distinct yet interrelated components:
Drilling of gas production wells and the construction and expansion of associated production infrastructure for the Surgil, North and East Berdakh Fields, including a Complex Gas Treatment Unit (CGTU) at the Surgil Field (the “Surgil CGTU”) and another CGTU shared between the North and East Berdakh Fields (the “East Berdakh CGTU”).
Source: http://interfaxenergy.com/gasdaily/article/14425/uzbekistan-could-complete-ustyurt-complex-by-q3-2015
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