Air Products to acquire hydrogen production assets in Uzbekistan from Saneg for $140m.

Air Products, a hydrogen supply company, agreed to acquire hydrogen production assets in Uzbekistan from Saneg, an oil and gas company, for $140m. "This agreement with Air Products represents another significant step forward in our long-term modernization plans for the Fergana Refinery with the world leader in hydrogen production. Saneg has a strong relationship with Air Products – their commitment and expertise will help us to achieve our goals of maximizing the potential of Uzbekistan’s oil and gas sector, while supporting our country’s economic development. The agreement will also contribute towards one of the Uzbekistan government’s main priorities, strengthening our nation’s energy security by increasing domestic supplies of hydrogen," Bakhtiyor Fazilov, Saneg Founder.