Two new Uzbek-Korean joint ventures have been opened in Uzbekistan. One of the ventures will produce automobile gas containers and the second one will design and construct compressed natural gas (CNG) stations.

Uzbekneftegaz national holding company said that the opening ceremony of the joint ventures was held in Tashkent.

KO UNG CYLINDER was founded in Navoi free industrial and economic zone. It was founded by Avtogaztaminot, Zavod Uzbekkhimmash (both Uzbekistan), KOGAS, KOLON and NK (South Korea).

It is expected that the joint venture will produce 120,000 units of automobile gas containers under ENK brand a year.

KOR UNG INVESTMENT was created to construct 50 CNG stations in Uzbekistan. Avtogaztaminot and Kogas, Kolon, Kwangshin, EngineTech (Korea) are founders of the venture.

As earlier reported, the programme of industrial development for 2011-2015 included project on construction of 50 CNG stations in several regions of Uzbekistan with participation of KOGAS and Kolon.

The cost of the project is US$42.8 million. Korean companies will invest US$21.4 million in the project. Other part of investment will be made by Uzbekneftegaz. The project will be implemented in 2011-2014.

By the end of 2015, Uzbekistan plans to open 352 gas filling compressor stations (GFCS), according to the Uzbek State Inspection on Control over Use of Oil Products and Gas under the Cabinet of Ministers (Uzgosneftegazinspektsiya).