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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 on a 16-hectare site near the Port of Kuryk on the Caspian Sea. Adjacent to that, a methanol plant is planned with a capacity of 100,000 tonnes/year. Construction of both facilities is expected to generate significant employment: around 300 workers during LNG plant construction, and 350 workers for the methanol plant. The project aims to strengthen the industrial capacity of the Mangystau Region and contributes to Kazakhstan’s broader energy development strategy.
Project Phase:
Engineering Design & Planning
Investment Value:
200 000 000 $
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Start Date:
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End Date:
12/31/2027
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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.
Publication/Revision Date:
11/21/2025