Hyundai consortium close to $3.89bn Turkmen gas processing plant deal

Turkmenistan President Gurbanguly Berdimuhamedov

President Berdimuhamedov – due in South Korea on Saturday

Hyundai consortium: Having won a $940m contract to upgrade an oil refining facility 500 km north of the Turkmen capital of Ashgabat, a consortium led by  South Korea’s LG International Corp and Hyundai Engineering consortium is also hoping to clinch a deal to build a $3.89bn gas-to-liquid plant that would produce naptha by processing natural gas. The two deals are expected to be officially signed in time for TurkmenistanPresident Berdimuhamedov’s four-day visit to South Korea that starts on Saturday.