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NEWS

Uzbekistan to spend $190 million on gas utilization projects

www.timesca.com
25 October 2013

Uzbekistan's state oil and gas company Uzbekneftegaz in 2014 will implement projects totaling nearly $190 million to utilize associated petroleum gas at oil fields in the Kashkadarya region in the south of the country, the company said.

"Until the end of this year the company will finalize contracts for equipment supply and construction and technological works will start in the beginning of next year," a source in the company said. 
Two projects will install equipment to utilize 1.14 billion cubic meters of associated gas a year at seven oil and gas condensate fields. The projects will be financed by Uzbekneftegaz and through foreign loans. 
According to Uzbekneftegaz, the company annually produces about 60 billion cubic meters of natural gas and burns more than 1.5 billion cubic meters in torches. Over the last four years, the volume of burned associated gas has been reduced by 3.5 billion cubic meters. 
It was earlier reported that Uzbekneftegaz planned to increase the level of associated gas utilization to 95 percent by the end of 2015, compared to 40 percent today. 
The Uzbek government has also instructed Uzbekneftegaz to submit proposals for introducing technology for generating electricity with associated gas. 
Uzbekneftegaz has capacities for producing 70 billion cubic meters of natural gas and 8 million tons of liquid hydrocarbons a year.