Hyundai Engineering has solidified its partnership with Kazakhstan's state gas company, QazaqGaz, for the development of a large gas processing facility.
On September 15, Hyundai Engineering announced that it signed a project implementation agreement with JSC NC QazaqGaz for the Karachaganak Gas Processing Plant (KGPP).
This agreement aims to clarify the interests of the parties involved in the KGPP project, which will process 5 billion cubic meters of raw gas annually, and to specify the direction of the project and cooperation principles.
The Karachaganak Gas Processing Plant project will be carried out by a consortium formed by Hyundai Engineering and the Italian EPC company SICIM, through its Kazakhstan subsidiary, SICIM Kazakhstan LLP. Hyundai Engineering, as the lead contractor, will handle design and procurement, while construction and commissioning will be conducted in collaboration with SICIM's local entity.
With this project, Hyundai Engineering has established a business foundation in all three major energy resource countries in Central Asia. In 2021, it completed the world's sixth GTL plant in Uzbekistan and the $3.4 billion Kiyanly petrochemical plant in Turkmenistan in 2018.
A representative from Hyundai Engineering stated, “The signing of this project implementation agreement marks a milestone in advancing Kazakhstan's gas infrastructure development project. We aim to successfully execute this project based on our accumulated experience and technology in the Central Asia region and further expand our influence in the global energy infrastructure market.”
* This article has been translated by AI.
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