Message
Condor Energies' LNG and Methanol Plants
Value
PROJECT ID
2111202501
SECTOR
Oil & Gas, Chemicals & Petrochemicals
PROJECT PHASE
Engineering Design & Planning
LOCATION
Mangystau Region, Kazakhstan
END DATE
12/31/2027
INVESTMENT VALUE
$ 200 M
Active
Verified
Updated: 2 Days ago
Publication: May 8, 2026
Project Description
This is a large-scale industrial project to build a liquefied natural gas (LNG) plant and a methanol plant in the Mangystau Region of Kazakhstan. The LNG plant is designed to be the first of its kind in Central Asia, with an annual capacity of about 145,000 tonnes of LNG, located... Read more
Involved Companies & Contacts
Involved Companies & Contacts
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PARTY 1 - Involved Companies & Contacts
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PARTY 3 - Involved Companies & Contacts
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Other important details
Norman Storm is the Managing Director of EurAsia Resource Value SE and a key shareholder of Condor Energies Inc., through which he strategically influences Condor’s LNG projects in Kazakhstan. He connects European investment capital with project implementation in the region, ensuring the fund’s stake in Condor. Thus, Storm serves as an investor, executive, and linking figure between the companies.
In March 2025, Condor was granted a license for solid mineral extraction at the Kolkuduk field in Kazakhstan.
Construction will generate approximately 650 jobs (combined LNG and methanol plants), with around 300 permanent positions post-commissioning, contributing to local employment and industrial growth.
Condor has signed a framework agreement with Kazakhstan Temir Zholy (KTZ) and Wabtec to supply LNG for locomotive conversion, integrating LNG into the national rail network.
Sources
Publication Date
11/21/2025