On October 17, Chairman of the Board of JSC NC QazaqGaz Sanzhar Zharkeshov and President of Geo-Jade Petroleum Corporation Day Xiaoping signed an agreement on the basic principles. The agreement was signed within the framework of the “One Belt, One Road” Summit with the participation of the delegation of the Republic of Kazakhstan led by President Kassym-Zhomart Tokayev.
The document will become the basis for the joint development of the Pridorozhnoye gas field. Design work is expected to begin in 2024.
“One of the main tasks for QazaqGaz remains to increase the gas resource base. We are taking all possible measures to strengthen the country's energy security. Therefore, QazaqGaz, together with the Ministry of Energy of the Republic of Kazakhstan and the Samruk-Kazyna Fund, is carrying out large-scale reforms in the gas industry to ensure the investment attractiveness of the industry and attract investors to the development of gas fields,” said Sanzhar Zharkeshov.
Let us recall that earlier, QazaqGaz and Geo-Jade Petroleum Corporation signed an agreement on cooperation in geological exploration for gas deposits in Kazakhstan, which led to the conclusion of today’s specific document.
