Kazakhstan gas production increases 8.2% January to September
By Staff reporter | 7 October 2011 16:00 GMT
Kazakhstan produced 29.5 billion cubic metres of gas between January and September, 8.2% more year-on-year, according to figures from Kazakhstan’s Ministry of Oil and Gas.
Sources within the Kazakh government told Interfax that national oil and gas company KazMunaiGas extracted 876 million cubic metres (MMcm) of gas over the nine months (95.6% of January to September 2010 output).
At this week’s Kazenergy Forum, Kazakhstan’s Deputy Energy Minister Lyazzat Kiinov said that Kazakhstan is expected to produce 40.5 bcm of gas in 2011, up from 37.4 bcm in 2010. The country’s gas exports will reach 21.6 cm in 2011, compared with 21.3 bcm in 2010.
The EU has been eyeing Kazakh gas production within the context of the strategic EU-supported Nabucco project.
At the forum, Kiinov said: “In the future, Kazakhstan will consider joining Nabucco as a potential gas supplier if new high-potential gas fields are developed domestically and free gas volumes emerge.”
Kazakhstan’s energy ministry forecasts that gas production will more than double to 92.2 bcm/y by 2020.
EU Energy Commissioner Günther Oettinger said on Tuesday at the forum that the EU plans to invite Kazakhstan to join the Trans-Caspian Pipeline system project in mid-October, Interfax reported.
However, despite Kazakhstan’s future export potential, earlier this week the country’s oil and gas minister Sauat Mynbyev said that Kazakhstan’s future export potential is “solely dependent upon the availability of resources”. Mynbayev was responding at the time to suggestions that Kazakhstan could potentially join the Trans-Caspian Pipeline.
The submarine project linking resource-rich Turkmenistan and Azerbaijan with existing pipelines to Europe is seen by the EU as an option in its efforts to reduce energy dependence on Russia.
The EU launched Trans-Caspian talks with Azerbaijan and Turkmenistan last month and this week sent an energy delegation to Kazakhstan, which is in the process of negotiating a broader co-operation agreement.
Kazakhstan gas production increases 8.2% January to September
Sources within the Kazakh government told Interfax that national oil and gas company KazMunaiGas extracted 876 million cubic metres (MMcm) of gas over the nine months (95.6% of January to September 2010 output).
At this week’s Kazenergy Forum, Kazakhstan’s Deputy Energy Minister Lyazzat Kiinov said that Kazakhstan is expected to produce 40.5 bcm of gas in 2011, up from 37.4 bcm in 2010. The country’s gas exports will reach 21.6 cm in 2011, compared with 21.3 bcm in 2010.
The EU has been eyeing Kazakh gas production within the context of the strategic EU-supported Nabucco project.
At the forum, Kiinov said: “In the future, Kazakhstan will consider joining Nabucco as a potential gas supplier if new high-potential gas fields are developed domestically and free gas volumes emerge.”
Kazakhstan’s energy ministry forecasts that gas production will more than double to 92.2 bcm/y by 2020.
EU Energy Commissioner Günther Oettinger said on Tuesday at the forum that the EU plans to invite Kazakhstan to join the Trans-Caspian Pipeline system project in mid-October, Interfax reported.
However, despite Kazakhstan’s future export potential, earlier this week the country’s oil and gas minister Sauat Mynbyev said that Kazakhstan’s future export potential is “solely dependent upon the availability of resources”. Mynbayev was responding at the time to suggestions that Kazakhstan could potentially join the Trans-Caspian Pipeline.
The submarine project linking resource-rich Turkmenistan and Azerbaijan with existing pipelines to Europe is seen by the EU as an option in its efforts to reduce energy dependence on Russia.
The EU launched Trans-Caspian talks with Azerbaijan and Turkmenistan last month and this week sent an energy delegation to Kazakhstan, which is in the process of negotiating a broader co-operation agreement.