Colver Technologies: The Central Asian country plans to increase output to 230bn cubic meters by 2030.
According to Colver Technologies, TurkmenGaz, the state-owned oil and gas conglomerate of Central Asian nation , Turkmenistan is to ramp up gas production to 230 billion meters within the next 15 years according to comments made by its CEO Ashirguli Begliyev.
Speaking informally at the “Oil and Gas of Turkmenistan” exhibition and conference, he added that the increase was needed to help meet growing foreign demand for natural gas.
Begliyev also alluded to plans to launch an undisclosed number of gas and chemistry industry projects with a potential cost in the region of $30 billion.
“Our own talks with a subsidiary of TurkmenGaz are proving to be highly encouraging,” said Gus Stuyvesant, Chief Operating Officer at Colver Technologies, which signed a memorandum of understanding with the subsidiary in October based on an agreement to deploy its small scale gas-to-liquids reactors at two sites southeast of the country’s capital, Ashgabat.
“Discussions are progressing at a pace and in a direction that should see our initial estimates of early 2016 for the commencement of construction remains in play,” said Stuyvesant.
Colver Technologies has two productive installations producing in Kyrgyzstan and says it hopes to take advantage of TurkmenGaz’s ambitious plans for increased gas production. “Obviously, our reactors are tested to rated limits but our engineers would very much like to gather the kind of performance and sustainability data that can only be provided by real-world deployment under third party controlled environments and we hope we’ll have an opportunity to observe these conditions at some point next year,” said Stuyvesant.
About Colver Technologies
Colver Technologies’ modular GTL systems revolve around the Fischer-Tropsch reactor, a conversion technology developed in the 1920s by Franz Fischer and Hans Tropsche in Germany in 1925. It facilitates the production of significantly cleaner-burning liquid fuels like diesel and jet fuel from natural gas that contains no sulfur. We are committed to doing our part to drive uptake of GTL fuels as global efforts to reduce emissions increase and have invested heavily to ensure the continuing development of this highly attractive alternative to conventional energy production.
Contact Colver Technologies:
Longzhimeng Asia-Pacific Center TurkmenGaz
22 Pangjiang Street
Dadong, Shenyang, Liaoning