Kazakhstan's Gas Reserves Sufficient for Another Century

Kazakhstan's Chairman of JSC NC QazaqGaz, Arman Kassenov, has announced that the country has enough gas reserves to last for another century. Kassenov made the statement at a press conference after a meeting of the Samruk-Kazyna Fund's Public Council. He revealed that Kazakhstan has 3.8 trillion cubic meters of gas reserves, which, with an estimated commercial consumption of 25 billion cubic meters, would be sufficient to meet the country's gas needs for the next 100 years.

In addition to discussing gas reserves, Kassenov addressed issues related to gas processing. He noted that the domestic market was experiencing losses due to unfair pricing for subsoil users. Kassenov explained that these users were unable to process raw gas into commercial gas for the country as a result of the pricing, resulting in losses for the industry. Therefore, he emphasized the need for a fair pricing mechanism that would enable subsoil users to process raw gas and supply commercial gas to the country.

Overall, Kazakhstan's substantial gas reserves provide a solid foundation for the country's energy security. With the right policies in place, the country can continue to leverage this resource for its economic development and ensure that its domestic gas needs are met for years to come.