Azerbaijan, Kazakhstan may build plant for production of liquefied gas

01/11/2018 08:41 LNG

news

Kazakhstan and Azerbaijan are discussing the possibility of building a plant for the production of liquefied natural gas in western Kazakhstan, Kazakh Energy Minister Kanat Bozumbayev told reporters, Interfax-Kazakhstan reported.

“We are considering the issue of construction of a liquefied gas production plant in Aktau for its further export to and transit through Azerbaijan. These issues are on the agenda,” Bozumbayev said.

 

In addition, he said, the possibility of creating a joint venture in Kazakhstan in the field of petroleum engineering is being discussed with Azerbaijan.

 

"Azerbaijan has a developed petroleum engineering industry. We are now discussing the creation of such plants in Kazakhstan with the participation of Azerbaijani capital, and using their experience, skills, and technologies, in order to sell the products to oil companies in the future," the minister said.

 

He stressed that since petroleum engineering products are imported by foreign companies in large quantities for the development of fields, the joint venture may start its activities with the assembly of oil and gas engineering equipment.

 

Bozumbayev also said the railway administrations of the two countries are discussing the possibility of supplying railcars and locomotives to Azerbaijan on pre-export financing terms.

Source: .trend.az

Daily (14.10.2019): Brent crude climbed by over 2.4% on Friday, following an Iranian tanker explosion in the Red Sea

14/10/2019 11:48:00

Crude oil prices soared on Friday, bolstered by rising tensions in the Middle East following a missile attack on an Iranian tanker. Hence, Brent crude traded 2.4% up at $60.51, while WTI futures rose by 2.2% to $54.70 a barrel.

<READ MORE

Repsol sets up renewables unit

11/10/2019 16:01:00

Spanish oil business Repsol has established a renewable energy subsidiary, Repsol Renovables and plans to have 4.5 GW of clean energy generation capacity in 2025. And the fossil fuel giant claims it already has a clean energy pipeline in place sufficient to hit 90% of that ambition.

READ MORE

Chongqing gas mine plans to build 10 billion square gas field

11/10/2019 15:58:00

Chongqing Daily reporter learned that the gas mine is speeding up the shale gas business and tapping the potential of the old area, and plans to stop the decline and pick up natural gas production by 2020, with natural gas production exceeding 5 billion square meters by 2025 and 8 billion square meters by 2035 and striving to reach 10 billion square meters.

READ MORE