AKIPRESS.COM - Russia’s No. 2 oil producer Lukoil has started operations at a $3.4 billion gas processing plant at its Kandym gasfield in Uzbekistan, which is seen as central to its efforts to boost gas production and exports to China, Reuters said.
The Russian government said in a statement on Thursday that the gas processing complex, with a capacity of 8 billion cubic meters (bcm) per year, had been launched ahead of schedule.
Lukoil has not revealed any data on gas exports to China from Uzbekistan.
Lukoil also said on Thursday it has raised a $600 million loan to finance part of the cost of building the gas plant in Uzbekistan.