Naftogaz invests in the construction of the largest LPG plant in Ukraine

The Naftogaz Nafta division will build an in-depth hydrocarbon recovery unit at the Khrestyshenske gas processing department near the booster compressor station in Kharkiv region, the press service reports.

The Gas and Gas Condensate Processing Directorate of the Naftogaz Nafta division from December 30, 2020, to March 1, 2021 (inclusive) is collecting bids for the purchase of an advanced hydrocarbon recovery unit.

The expected purchase price, taking into account the life cycle cost, is $145.7 million.

The installation is needed for deep preparation and processing of natural gas to obtain from it up to 99.9% of valuable components for the production of liquefied petroleum gas (LPG), gas condensate and stripped natural gas.

According to the tender documentation, the winner of the auction must ensure the production of the installation, delivery to the location of the plant in the Kharkiv region, provide services for supervision of the construction and installation of equipment, supervise the commissioning, launch the plant and train personnel.

“The construction of the Khrestyshenske LPG plant will allow us to increase the share of Ukrainian oil products on the domestic market by 115 thousand tons per year. The duration of this process is about 2.5 years, and the first batch of finished products from the new plant can be expected already at the beginning of 2024, ”noted Serhii Fedorenko, Commercial Director of Ukrgazvydobuvannya JSC.

Tags: Naftogaz, oil, hydrocarbon production, Ukrgazvydobuvannya, gas production, LPG, investments

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