Chairman of the Board of JSC NC QazaqGaz Sanzhar Zharkeshov took part in a meeting of the Energy Council chaired by the Prime Minister of Kazakhstan Olzhas Bektenov. The event was held with the participation of the leadership of the Ministry of Energy, Samruk-Kazyna National Welfare Fund, KazMunayGas, Samruk-Energy, and KEGOC.
Control over the implementation of agreements reached between the President of the Republic of Kazakhstan, Kassym-Zhomart Tokayev, and the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al-Thani, in February this year is on the agenda.
The Chairman of the Board of Directors of NC QazaqGaz Sanzhar Zharkeshov reported on the implementation of joint gas projects. With Qatari UCC Holding, construction will be carried out on two gas processing plants with capacities of 1 billion m³ and 2.5 billion m³ per year, a new compressor station KS-14, the main gas pipeline "KS-14-Kostanai-Aktobe," and the second string of MG "Beineu-Bozoi-Shymkent."
The construction of the GPP aims to rationally utilize raw gas by increasing processing capacity. Construction of the second string of the Beineu-Bozoi-Shymkent gas trunkline will ensure Kazakhstan's energy security by supplying gas to the southern, central, and northern regions and maintaining export volumes.
The new compressor station and Aktobe-Kostanay gas trunkline will provide gas to the population of the Kostanay region and industrial enterprises in the area.
The participants of the meeting, including QazaqGaz and UCC Holding, have unanimously approved the main terms of the deal. This consensus is a testament to the pivotal role each stakeholder plays in these four major projects. We are poised to commence their joint implementation in the near future.
The Prime Minister has reiterated his commitment to the successful implementation of these projects. He has instructed to leverage the internal competencies of the group of national company QazaqGaz and products of domestic manufacturers. Furthermore, the Ministry of Energy has been tasked with enhancing the profitability of the gas industry, reaffirming the government's unwavering support for these initiatives.
"The agreements between the President of Kazakhstan and the Emir of Qatar mark a significant milestone in our joint efforts to implement a number of mega-projects that are of paramount importance for the economy of our country. We are steadfastly progressing towards the establishment of a robust, modern gas industry in Kazakhstan. The timely execution of these projects is crucial, and I assure you that all aspects are under my personal supervision," Olzhas Bektenov underscored.
For reference: According to the Ministry of Energy and QazaqGaz, in 2024, Kazakhstan is expected to increase gas production to 60.456 billion m3. More than 85% of production is provided by Tengiz (27%), Karachaganak (38%), and Kashagan (20%) projects. The pace of the gas industry's development is confirmed by the country's steadily increasing gas production.
Marketable gas production in 2024 is planned at 28.054 billion m3. According to the forecast balance, the current domestic consumption in 2024 is 20.9 billion m3.
