Air Products to acquire Uzbekneftegaz gas complex in Uzbekistan
Air Products signs an agreement in Uzbekistan for the acquisition and operation of a natural gas syngas processing facility. This $1 billion investment agreement strengthens Air Products’ presence in the global energy market and opens up opportunities in the advanced synthetic fuels sector.
| Sectors | Alternative Fuels, Gas, E-Fuels |
|---|---|
| Themes | Investments & Transactions, Corporate Investment |
| Companies | Air Products |
Air Products announces the signing of an investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC to acquire, own and operate a syngas natural gas processing facility in the province of Qashqadaryo, Uzbekistan, for US$1 billion.
1.5 million tonnes of synthetic fuels per year
The natural gas-to-syngas industrial complex is an integral part of the multi-billion dollar gas-to-liquids (GTL) facility of the state-owned energy company Uzbekneftegaz JSC, one of the most advanced energy plants in the world, producing 1.5 million tons per year of high-value-added synthetic fuels for domestic use and potentially for export.
Under the terms of the purchase agreement, which is perfectly aligned with Air Products’ on-site business model, the company will acquire, own and operate two large-scale air separation units, two large-scale autothermal reforming units and a hydrogen production unit within the Uzbekistan GTL complex. It will supply UNG with oxygen, nitrogen, hydrogen and syngas under a long-term fixed-price or consumption-guaranteed contract. UNG will supply the natural gas feedstock and utilities, and handle the marketing of all products.
