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China, Uzbek joint natural gas project ready to start pumping

September 25/2019

MOSCOW (MRC) -- A natural gas project jointly developed by China and Uzbekistan in the southern part of the central Asian nation is ready to start producing, China National Petroleum Corp said Scmp.

Phase one of the Karakul block in southern Bukhara province would be able to pump 1 billion cubic metres (bcm) of gas a year to China though the Central-Asian pipeline grid, the company said, though it did not say when the supply would start.
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The block, which comprises three fields, is being developed by New Silk Road Oil & Gas, a joint venture between CNPC and Uzbek state-run oil and gas firm Uzbekneftegaz.

The Central Asian pipeline network, launched in 2009, runs nearly 2,000km from Turkmenistan through the former Soviet neighbours of Uzbekistan and Kazakhstan before reaching Chinas northwestern Xinjiang region.

Chinese customs data showed China imported 1.84 million tonnes of gas from Uzbekistan in the first 10 months of this year, or about 2.54 bcm.

Turkmenistan remains Chinas single largest pipeline gas supplier, with supplies during the same period reaching nearly 29 bcm.

As MRC informed earlier, Uzbekneftegaz and Singapore's Indorama Group have established the UzIndoramaGazChemical joint venture (JV) to build a gas chemical complex (GCC) on a parity basis. Uzbekneftegaz and Indorama signed a memorandum of cooperation, providing for technological and financial participation of Singapore company to establish production of diversified products (polymers and polyethylene) on the basis of the Mubarek Gas Processing Plant. As reported earlier, the project worth USD2.5 bln envisages building the GCC with a capacity of 400,000 tpa of polyethylene.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.
Author:Anna Larionova
Tags:natural gas, petroleum products, crude oil, PP, PE, Uzbekneftegaz.
Category:General News
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