Lukoil to launch gas chemical complex, gas processing unit in Stavropol in 2029
PJSC Lukoil plans to commission a gas chemical complex (GCC) and a gas processing unit (GPU-2) at its Stavrolen facility, a 100% subsidiary of Lukoil in Budyonnovsk, Stavropol region, by 2029, Stavrolen First Deputy CEO Alexei Prokopenko said.
"The projects [the GCC and GPU-2] are synchronized [for commissioning] by 2029, and are currently in the active phase," Prokopenko said during the Reassessment of the North Caucasus Federal District: Boom in Tourism and Growth Reserves business conference in Pyatigorsk on Friday.
He explained that the construction of GPU-2, which will process around 5 Bm3y of gas, is underway as part of the development of the Northern Caspian field. "As a result, a large resource of dry benzene gas, natural gas or methane, will become available, and we are actively designing and preparing for the construction of the gas chemical complex," he said.
The GCC project, construction of which is set to begin in 2026, will involve setting up new nitrogen fertilizer production facilities, including ammonia and carbamide.
"This complex [the GCC] will be the largest single facility in the world. The investment in the project will exceed 160 B rubles. We are currently at the design and surveying stage," he said.
The raw material base for the complex will be the GPU-2, with the construction project estimated to cost over 50 B rubles, he said.
Work on both the GCC and GPU-2 is proceeding simultaneously because "one cannot exist without the other; without production, there will be no consumption," he said.
The company plans to invest 24.5 B rubles in non-commercial investment projects from 2024 to 2029, which includes modernizing existing production facilities, Prokopenko said in his presentation. A total of 9.6 B rubles will be allocated for technically re-equipping pyrolysis furnaces and 1 B rubles for environmental projects.
Lukoil's press service said in August 2024 that the company had laid the first stone for the construction of the gas chemical complex at the Stavrolen plant. The complex will include the production of in-demand mineral fertilizers, including carbamide and ammonia. Production of carbamide is expected to reach approximately 1.75 metric MMtpy, the Stavropol regional authorities said.
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