Condor Energies is ramping up its gas production in ... Hi guys! Condor Energies is ramping up its gas production in Uzbekistan, aiming for over 100,000 mcf/day—a far cry from the early days when they barely made a dent.
The 20-year contract with the Uzbek government is a solid foundation, but the real test will be how effectively they can boost output using modern techniques.
What’s caught my eye, though, is their move into Kazakhstan with modular LNG facilities. While most players go for the big, costly plants, Condor's opting for smaller, quicker-to-build facilities.
It’s a bold approach that could make them a key player in replacing diesel in industrial transport there. If the first facility hits the 2026 target, it might be a game-changer for their revenue streams.
But let’s not forget, projects like these aren’t without risk. Market conditions can shift, and timelines can stretch. As always, execution will be key. With cash flows looking stronger in 2024 and 2025, it’ll be interesting to see how this plays out.