Business news from Ukraine

Business news from Ukraine

Uzbekistan GTL starts selling its own liquefied gas

The Uzbekistan GTL plant has launched wholesale sales of liquefied natural gas, the press service of Uzbekneftegaz reports.
The first batch of 161 tons of fuel was traded at the Republican Commodity Exchange on June 22. Liquefied gas is offered at a starting price of 3.12 million soums per ton and is supplied on the terms of the Shurtan gas chemical complex.
According to the report, LPG is produced from a mixture of propane and butane under pressure. Its small volume simplifies transportation and delivery to consumers, including to the most remote areas.
Shavkat Mirziyoyev launched Uzbekistan GTL in December 2021, after 5 years of construction. The plant processes natural gas into jet fuel, diesel fuel, liquefied gas, oil and other products.
In February 2022, the plant launched its own hydrogen production, and four months later, it started producing synthetic oil and diesel fuel from it. In September, the plant also started producing synthetic jet fuel.
The first batch of GTL diesel went on sale at the beginning of last July. Since then, the manufacturer has reduced the selling price of the fuel five times, by a total of almost 35% compared to the original price.
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