Air Products to acquire gas processing facility in Qashqadaryo from Republic of Uzbekistan and Uzbekneftegaz for $1bn.

Air Products, an industrial gases company, agreed to acquire gas processing facility in Qashqadaryo from Republic of Uzbekistan and Uzbekneftegaz, an oil industry company, for $1bn. "Air Products is proud to be deploying our knowledge, experience and technology to help nations around the world access and maximize their abundant energy sources more sustainably. With this strategic acquisition in Uzbekistan, a high-growth environment underpinned by strong government support, we will bring our best-in-class operational and supply competencies to bear. This will enable UNG to seamlessly produce low-cost, high-purity fuels that enable the Republic to meet its growing energy production and societal needs," Seifi Ghasemi, Air Products Chairman, President and CEO.