Navum Energy Ltd. has signed a memorandum
of understanding (MOU) with the Turkmenistan state-owned gas
concern, Turkmengas, which will lead to the construction of a series of
gas-to-liquids (GTL) and gas-to-ethylene (GTE) plants using
European, US and South African technologies.
Navum Energy Ltd. and Turkmengas are aiming to establish a
joint venture with an anticipated 20-year operating life and
two stages of development: first to establish a GTL plant to
produce high-quality, environmentally friendly gasoline in
western Turkmenistan and, later, a number of additional plants
also producing diesel, jet fuel and ethylene-based derivative
products. The parties also agreed to implement a parallel
program for eliminating flared gas in Turkmenistan, aimed at
lowering emissions of greenhouse gases.
Navum Energy has concluded several agreements with
world-scale engineering companies for participation in the project and is finalizing an
investment agreement with a major Japanese corporation. Several
European and Asian commercial and development banks are in
talks with Navum Energy over possibilities to participate in
financing of the said project.
Neste Oil has launched a joint algae
research program with the Marine Research
Centre at the Finnish Environment
Institute (SYKE). The program is part of Neste
Oils efforts aimed at using algae oil as a raw material
for producing NExBTL renewable diesel in the future. Research
with SYKE will focus on testing the lipid production capacity
of different types of algae and analyzing how the quality and
quantity of these lipids can be optimized by adjusting the
conditions under which algae are grown. Launched this August,
the program will last two years.
The suitability of algae oil for use in the NExBTL process
has reportedly been confirmed. Algae that produce and store
lipids represent a valuable potential source of raw material
for NExBTL renewable diesel. Algae grow rapidly and one hectare
of cultivated algae could yield as much as 30 tpy of oil.
Sasol, together with partners
Uzbek-neftegaz and PETRONAS,
have signed an investment agreement with the Minister of
Foreign Economic Relations, Investment and Trade for the
Uzbekistan Government, for the development and
implementation of a gas-to-liquids (GTL) project in Uzbekistan. Under the
agreement, the investors and the GTL project will enjoy
investment protection and fiscal benefits to ensure the
successful implementation and operation of the GTL
The conclusion of the investment agreement is an important
milestone in the GTL projects development in which Sasol
and Uzbekneftegaz each hold 44.5% interest and PETRONAS an 11%
Uzbekneftegaz will supply the feedstock, from the already
developed Shurtan group of gas fields, and will offtake the
majority of the production, under long-term arrangements. The
GTL projects front-end engineering
and design (FEED) will commence before the end of 2011, and,
depending on the final investment decision, the plant will be
operational in the second half of this decade.
Reportedly, the first LNG
terminal of its kind in the Netherlands has been opened in
Maasvlakte, thanks to the joint capabilities of
SENER and Techint Engineering and Construction, both
integrated under the joint venture TS LNG.
The Gate terminal has invested 800 million for a 12
billion-m3 capacity terminal built in less than four
years. The excellent mix of people, know-how and technologies
has made up a plant whose capacity is said to be above average.
The high-scale terminal is, in fact, able to fulfill the natural
gas needs of the whole population in Holland.