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    Kazakhstan

    President Tokayev reviews QazaqGaz's performance, sets vision for gas industry growth

    President Tokayev reviews QazaqGaz's performance, sets vision for gas industry growth

    President Kassym-Jomart Tokayev recently held a meeting with Sanzhar Zharkeshov, the Chairman of the Board of NC QazaqGaz, to discuss the company's performance in 2023 and its future plans, Akorda reported. President Tokayev received a comprehensive report on the achievements of the national gas company and was briefed on upcoming strategies.

    Photo: President Tokayev with Chairman Sanzhar Zharkeshov
    Source: Akorda

     

    The meeting highlighted the progress made in implementing large-scale infrastructure projects and exploring new avenues for processing gas from the Kashagan field. Additionally, attention was drawn to efforts to attract investments totaling $12bn into the gas industry.

    Sanzhar Zharkeshov informed President Tokayev that NC QazaqGaz had successfully constructed and activated significant gas pipelines, representing an investment of over KZT 400bn ($886.7mn). These pipelines play a vital role in the socio-economic development of various regions.

    Regarding gasification efforts across the country, it was reported that 112 settlements in 11 regions had been connected to the gas supply system, benefitting approximately 213,000 people. Furthermore, NC QazaqGaz subsidized gas prices for the domestic market, amounting to KZT 175bn ($387.9mn) in the past year, while fulfilling its export and transit obligations.

    Photo: NC QazaqGaz attracts investments worth $12bn into the gas industry
    Source: NC QazaqGaz

     

    President Tokayev was also briefed on the commissioning of the new Anabay gas field and ongoing initiatives to expand the gas resource base. Thanks to these efforts, gas supplies to Kazakhstan's domestic market saw an increase of 19%.

    During periods of extreme weather conditions with abnormally low temperatures, NC QazaqGaz ensures uninterrupted gas supply to the country's residents, meeting peak demands on the gas transportation system.

    Furthermore, President Tokayev issued directives aimed at the comprehensive development of the gas industry. These instructions focus on ensuring stable gas supplies to the domestic market, expanding the resource base, addressing systemic industry challenges, and enhancing investment attractiveness.

    Photo: NC QazaqGaz ensures uninterrupted gas supply during extreme weather conditions
    Source: NC QazaqGaz

     

    About QazaqGaz

    The primary gas company of Kazakhstan, the National Company "QazaqGaz," serves as the state's representative in both domestic and international gas markets. Operating across the entire gas supply chain, from exploration and production to the sale of end products, NC "QazaqGaz" is a vertically integrated national entity.

    NC "QazaqGaz" functions as a subsidiary of "NWF "Samruk-Kazyna". It oversees the centralized infrastructure for commercial gas transportation through primary gas pipelines and distribution networks. The company is involved in international transit and domestic and foreign gas sales, as well as in the development, financing, construction, and operation of pipelines and gas storage facilities.

    Collectively, the consortium of companies under "NC "QazaqGaz" manages gas pipelines totaling approximately 76,000 kilometers in length. This includes 20,000 kilometers of primary gas pipelines with an annual capacity of up to 267.8 bn cubic meters, along with gas distribution networks spanning around 56,000 kilometers.

     

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    24.02.2024, 21:40   Comments (0)   1950
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