Groundbreaking in Turkmenistan for major synthetic gasoline plant; first full-scale Haldor Topsøe TIGAS facility

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In August, a groundbreaking ceremony was held in Ovadan-Depe near the capital of Ashgabad in Turkmenistan to launch the construction of a major plant focused on the conversion of natural gas into synthetic gasoline. The plant has been awarded by the national gas company Turkmengas, and Topsøe will be working alongside the Japanese contractor Kawasaki Heavy Industry Ltd. A small fraction of the hydrocarbons are recovered as liquefied petroleum gas (LPG).

Global Gas Prices | Hybrid Sales

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Expert predictions about where oil and gas prices are headed vary widely. Some expect both to remain steady due to global economic conditions while others point to the return of $3/gallon gas (in the states) fueled mainly by an increase in foreign demand. Turkmenistan.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The “Arab Spring” affected oil and gas supplies—most notably the complete, albeit temporary, loss of Libyan supply—while the tragic Fukushima accident in Japan had knock-on effects for nuclear and other energy sources around the world. more as natural gas was diverted to Asia.

Petronas, Uzbekneftegaz and Sasol Developing Uzbek Gas-to-Liquids Project

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Malaysia-based Petronas has signed a Heads of Agreement (HOA) with Uzbekistan’s national oil and gas company Uzbekneftegaz (UNG) and Sasol Ltd of South Africa, making further progress on the development and implementation of a proposed Uzbek gas-to-liquids (GTL) project. Turkmenistan exports most of its natural gas production, while Uzbekistan continues to use its production for domestic purposes.

ADB approves $240M to help Kazakhstan modernize transport, improve connectivity

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The road is part of the Trans-Caspian Sea Transit Corridor Baku–Astrakhan–Atyrau–Aktobe–Aktau–Turkmen border, which connects Kazakhstan with Azerbaijan and Europe in the West, with the Russian Federation in the North, and with Turkmenistan in the South. Kazakhstan, rich in natural resources such as oil, gas, and metal, has huge potential for economic development but infrastructure constraints result in significant travel time and cost, and hinder access to foreign markets.