Turkmenistan and Japan to Construct Second Phase of Gas-To-Gasoline Plant

BUSINESS TURKMENISTAN
Turkmenistan and Japan to Construct Second Phase of Gas-To-Gasoline Plant
Turkmenistan's Foreign Minister Rashid Meredov meets with Japan's Minister of Economy, Trade and Industry Ken Saito, January 22, 2024, Tokyo, Japan.

The Minister of Foreign Affairs of Turkmenistan Rashid Meredov engaged in discussions with the Minister of Economy, Trade, and Industry of Japan Ken Saito. Following the meeting, both sides formalized their commitment by signing a Memorandum of Understanding for the design and construction of the second phase of the Gas-To-Gasoline Plant, an extension of the existing facility located in the Ahal province.

According to the press release published by Turkmenistan's Foreign Ministry, the mutual interest was expressed by both nations in strengthening their trade and economic bonds.

The meeting highlighted the fruitful collaboration evident in various projects, encompassing the construction of chemical plants, gas turbine power plants, and the supply of equipment and automobiles.

As reported, particular emphasis was placed on the forthcoming ministerial dialogue on energy economics within the "Central Asia + Japan" framework as well as formulating a roadmap for decarbonization, implementing the Joint Crediting Mechanism (JCM), establishing an e-commerce system to boost trade relations, and jointly advancing hydrogen development and transportation technologies.

In conclusion, the parties formalized their commitment by signing key agreements. These included the Memorandum of Cooperation between the Ministry of Foreign Affairs of Turkmenistan and the Ministry of Economy, Trade, and Industry of Japan on the implementation of energy transitions, the Memorandum of Understanding for the provision of Technical Services and the Operation of the "Marykarbamid" Plant to achieve design capacity, as well as the Framework Agreements for the Provision and Technical Maintenance of the Gas-To-Gasoline Plant in Ahal province.

The Ahal Gas-To-Gasoline Plant, operational since 2019, converts natural gas into gasoline. With an annual processing capacity of 1 billion 785 million cubic meters of natural gas, the facility produces 600,000 tonnes of ECO-93 gasoline, meeting the EURO-5 standard, along with 100,000 tonnes of liquefied gas.

Send us news
Send
2022