KOGAS to Start Operations at Uzbek Gas Field Next Month

South Korea’s Korea Gas Corp. (KOGAS) will commence operations at Surgil gas field in Uzbekistan next month, according to Yonhap news agency.

The gas field is expected to bring about 84 billion won ($71 million) in revenue annually to the South Korean firm.

In February 2008, Uzbekneftegaz and South Korean consortium created a joint venture UzKorGasChemical for construction of the Ustyurt Gas-Chemical Complex to develop the Surgil deposit. The consortium included KOGAS, Lotte Daesan Petrochemical Corp. (in 2009, it was replaced with Honam Petrochemical), LG International Corp., SK Gas and STX Energy.

Surgil field was opened in March 2006 and Its reserves are estimated to be about 120 billion cubic meters of gas. KOGAS holds 17.5 percent stake in the project.

Gas produced will be processed in a gas-chemical plant to be sold in Uzbekistan or exported to Europe and China.