Special Report

Kazakhstan: Risks and opportunities in a changing energy landscape

Kazakhstan is a country rich in natural resources. This special report addresses some of the challenges and opportunities facing investors in the country’s energy sector.

The latest of our series of special reports, Kazakhstan: Risks and opportunities in a changing energy landscape, addresses some of the challenges facing investors in Kazakhstan’s energy sector.

Kazakhstan is rich in natural resources, including oil and gas, and the country can also boast a vast and almost untapped potential for renewables such as wind and solar power. Although lower oil prices represent a setback for Kazakhstan’s economy, the country’s production of both oil and gas is increasing as a result of large field developments.

President Nursultan Nazarbayev wants Kazakhstan to be one of the world’s top 30 developed countries by 2050 and has vowed to push through reforms to tackle corruption and strengthen the rule of law. However, regulatory, economic and political uncertainties represent risks for potential investors.

Table of contents

  • Managing expectations in Kazakhstan’s new era
  • Economic outlook hinges on oil and reforms
  • Unleashing Kazakhstan’s gas potential
  • Kazakhstan: gas in figures
  • Growth in Kazakh oil output set to continue
  • Kashagan field ramps up oil and gas production
  • Tengiz to increase production beyond 2022
  • Karachaganak commits to 20 years of gas exports
  • Power sector needs cash to wean itself off coal
  • Renewables: ambitious targets but slow progress
  • Coal output may decline despite recent gains

Tables, maps and charts

This report includes 27 charts, maps and tables including:

Charts

  • Kazakhstan’s gas production and consumption
  • Kazakhstan’s renewables targets

Maps

  • Kazakhstan's oil and gas infrastructure
  • Kashagan export options

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