PRESIDENT’S WEEK 14/06

Kassym-Jomart Tokayev held a meeting on the development of the gas industry

June 17, 2021

President Kassym-Jomart Tokayev held a meeting on the development of the gas industry. During the event, which was held in the videoconference mode, reports were made by the Minister of Energy Nurlan Nogayev, Chairman of the Board of Samruk-Kazyna JSC Almasadam Satkaliyev, Akim of Nur-Sultan Altai Kulginov, Akim of the Karaganda Region Zhenis Kasymbek, Akim of the Turkestan Region Umirzak Shukeyev, General Director of Tengizchevroil LLP Kevin Lyon. Opening the meeting, the Head of State noted the importance of the industry for our country and for the world energy system.

-“The gas industry plays an important role in social and economic development. Gas consumption in the country is growing every year, but the rate of gas production does not match this growth. New projects are being launched to convert industrial facilities to gas. The number of people consuming blue fuel is growing. Therefore, the demand for gas will only grow. And the supply must meet the demand,” – said Kassym-Jomart Tokayev.

Having listened to the reports of the meeting participants, the President stressed that the current model of development and management of the industry requires updating.

– The main discoveries of hydrocarbon raw materials during the years of Independence fell on oil fields. There is virtually no progress in the exploration and development of gas fields, including assets in the Caspian. Therefore, expanding the gas resource base through geological exploration is a priority for the Government and the Samruk-Kazyna Fund”, the Head of State noted.

In his opinion, special attention should also be paid to increasing the investment attractiveness of the industry. Under the current system, subsoil users are not interested in increasing gas production and building gas processing facilities. The government was instructed to develop approaches to attract investment in gas production. As Kassym-Jomart Tokayev emphasized, KazTransGas will become a national gas company and will carry out activities along the entire chain from geological exploration to the sale of final products. The President stressed that he considers the proposal of Samruk-Kazyna to transfer to KazTransGaz the priority right of subsoil use for new fields to be correct.

– At the same time, the Government should carefully consider all aspects and conditions for granting such a right. It is imperative not to monopolize access to gas fields. The government should create conditions for independent exploration and development of gas fields by independent investors. If the concept of a vertically integrated gas company is successfully implemented, the Government, together with Samruk-Kazyna, will have to study the possibility of holding an IPO for KazTransGas already in 2022, including through a people’s IPO. This will significantly revitalize the financial market and enable citizens to possess part of the country’s gas assets”,- the President said.

Kazakhstan President sent a congratulatory telegram to the newly elected Prime Minister of Israel Naftali Bennett

 June 14, 2021
 
In his telegram, Kassym-Jomart Tokayev, on behalf of the people of Kazakhstan and on his own behalf, congratulated Naftali Bennett on his election as Prime Minister of the State of Israel.

“Today, Israel is recognized as a respected member of the international community. The country’s advanced economy has made significant progress, while the use of innovative technologies has significantly increased the well-being of the people. I wish you full and successful implementation of your initiatives and plans aimed at further multiplying the achievements and prosperity of your country,” the telegram reads.

Kassym-Jomart Tokayev called the common goal to strengthen mutually beneficial relations between Kazakhstan and Israel in the political, trade, economic and cultural spheres in the spirit of traditional friendship and trust. The Head of State expressed readiness to focus efforts towards fulfillment of this noble goal.

President Tokayev wished Prime Minister Bennett success in his responsible post, and well-being and prosperity to the friendly people of Israel.