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Consortium offers up to $20bn for Turkmenistan gas project

TOKYO -- A consortium of Japanese and Turkish companies is offering in the neighborhood of $15 billion to $20 billion for an order to build natural-gas-processing facilities in Turkmenistan.

     Central to the project is construction of facilities designed to remove such impurities as carbon dioxide and water from natural gas extracted from the Galkynysh field, one of the largest gas fields in the world. The project's cost is now estimated to go higher than originally projected due to the need for additional equipment, according to Alptekin Tizer, president of Renaissance Heavy Industries, a member of the consortium along with Japanese engineering companies JGC and Chiyoda.

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