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

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.