A meeting of creditors on the GTL project was held in Tashkent in October 29-31. To participate in it, a delegation of creditors arrived in the capital of Uzbekistan, which included representatives of the Export-Import Bank of Korea, the Korean Insurance Trading Corporation, Gazprombank JSC, Roseximbank JSC and the Russian Agency for Export Credit and Investment Insurance.
The meeting participants held open discussion of the draft agreement on the general terms of financing the project between Uzbekistan GTL and representatives of creditors, as well as project consultants.
Speaking at the event, the first deputy chairman of the board at Uzbekneftegaz JSC Ulugbek Sayidov thanked the Korean partners for their professional approach to coordination and resolution of various issues, and appreciated the contribution of Russian companies, who, understanding the importance of timely project implementation, expressed readiness for its priority funding, and partners from the Chinese side, who first joined the financing of this project.
Within the framework of the project “Production of synthetic liquid fuels based on purified methane of the Shurtan Gas Chemical Complex” (UzGTL), a plant that meets the latest international standards will be built in the Kashkadarya region. Such high-tech industries based on GTL technology are quite rare in the world: in South Africa, Malaysia and Qatar.
The mill is expected to annually produce more than 1.5 million tons of high-quality synthetic liquid fuel that meets the EURO 5 standard.
The project is to expand the capacity for deep processing of natural gas, reduce imports of hydrocarbons, cover domestic demand for high-quality and environmentally friendly fuels, and provide the market with strategic products made from local raw materials.
The crudes base for the designed plant will be purified gas, methane, from the Shurtan Gas Chemical Complex, and its annual volume is estimated to be 3.6 billion cubic meters.
(Source: «Uzbekistan Today» newspaper)
