Companies & Finance

Kaztransgas to increase focus on gas trading by 2020

Gas trading will account for 80-85% of Kaztransgas’s revenues by 2020 compared with 67% in 2017.
By Staff reporter 2 May 2018 0 30691

Gas trading will account for 80-85% of Kaztransgas’s revenues by 2020 compared with 67% in 2017, according to S&P Global Ratings.

The increase will be driven by higher gas flows to China. As a 100% subsidiary of Kazmunaigas, Kaztransgas can be viewed as stable, said S&P.

However, the company’s financial metrics have been weakened by an expanded investment programme, S&P said.