SEOUL, Sept 16 (Reuters) - Korea Gas Corp (KOGAS) said on Wednesday commercial production will begin in October at its joint venture Uzbekistan gas field and related petrochemical complex, with part of the gas used to produce feedstock products.
The Surgil gas field project in the country’s northwest, which KOGAS says holds 130 million tonnes of liquefied natural gas (LNG) equivalent, is an equal venture by Uzbekistan and a South Korean consortium that includes KOGAS, Lotte Chemical , and GS E&R Corp, according to a statement and a KOGAS official.
A total of 3.58 million tonnes a year of LNG equivalent, or 4.5 billion cubic metres of natural gas, will be produced from the offshore project, the KOGAS official said.
Of the total, some 560,000 tonnes a year of gas will be transferred to the Ustyurt Gas Chemical Complex, located 110 kilometres away, to produce 460,000 tonnes a year of petrochemical feedstock polymers, according to the statement and the official.
Uzbekistan’s state-run oil and gas company Uzbekneftegaz will buy the remaining gas, equivalent to over 3 million tonnes a year of LNG, he added.
Reporting by Meeyoung Cho; Editing by Biju Dwarakanath