South Korea’s Hyundai Engineering has announced that it has secured a contract to build the Karachaganak Gas Processing Plant (GPP) in Kazakhstan.
The news was first reported by Nurlan Zhumagulov, owner of the Energy Monitor Telegram channel; it was also confirmed by Hyundai Engineering in a post on its LinkedIn account.
The planned gas processing plant will have a capacity of 5 billion cubic meters of gas per year, or roughly 14 million cubic meters per day. The project is expected to cost about $6 billion.
Construction is scheduled to take place between 2026 and 2030.
Earlier media reports indicated that Karachaganak shareholders do not plan to invest in the construction of the plant. Kazakhstan is no longer considering construction of the GPP under the current final production sharing agreement (FPSA), according to earlier reports by PSA.
Kazakhstan’s national gas company, QazaqGaz, is expected to serve as the project operator. The Ministry of Energy confirmed this arrangement in April 2026.
