Chinese company Puyang Shengyuan proposes gas processing project in Turkmenistan
16:50 11.05.2026 224
Chinese petrochemical group Puyang Shengyuan is proposing a large-scale gas processing project in Turkmenistan, aimed at expanding the industrial use of the country's gas reserves.
Company President Wang Xicheng presented this initiative at the recent Turkmen-Chinese business forum in Ashgabat. The project is conceived as an integrated gas processing complex built on three production chains: petrochemical, agricultural, and energy. The plan aims to increase the added value of natural gas, as well as create jobs and support growth in related sectors such as logistics, services, and mechanical engineering.
The key element of the project is a methanol plant with an annual capacity of 1.8 million tons, as well as the production of products including high-density polyethylene and polypropylene. This was reported by business.com.tm.
Traders expect high European gas prices to continue in coming years
Natural gas prices in Europe will remain high in the coming years amid continued supply shortages, traders believe, Interfax reports.
The price of gas in Europe exceeded $2,200 per 1,000 cubic meters
The spot price of gas in Europe by Tuesday evening exceeded $2,200/ths.m3 in anticipation of the failure of another gas pumping unit on the Nord Stream, Interfax reports.
Afghanistan increases import of Turkmen liquefied gas
On Monday, Afghan media reported an increase in imports of liquefied natural gas from Turkmenistan to Afghanistan. According to the publications, the Taliban provisional government issued a statement to this effect after a meeting of its economic sector.
Oil prices rise on API data on falling inventories in the US, Brent - $104.58 per barrel
Oil prices are growing weakly on Wednesday against the backdrop of data from the American Petroleum Institute (API), which showed a sharp decline in US inventories, Interfax reports.
Auto fuel and liquefied gas became the subject of foreign exchange transactions at the auction
73 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.