KIOGE - Kazakhstan Oil & Gas Conference & Exhibition

#EU-#Kazakhstan Strengthen Cooperation on #Energy and #Raw_Materials. The 21st EU-Kazakhstan Cooperation Council, held on 14 October in Luxembourg, reaffirmed the commitment of both parties to deepening their strategic partnership, with a strong focus on energy, raw materials, and economic reform. As Kazakhstan’s largest trade partner and investor, the EU emphasized its support for Kazakhstan’s political modernization and efforts to foster good governance, the rule of law, and a favorable business environment. Discussions highlighted the importance of enhancing transport connectivity, with Kazakhstan playing a key role in the EU’s Global Gateway strategy and the development of the Trans-Caspian Transport Corridor. Both sides welcomed ongoing cooperation on critical raw materials and look forward to a new Roadmap for 2025-2027. The EU recognized Kazakhstan’s crucial role in energy security and applauded its efforts to transition towards renewable energy and achieve carbon neutrality by 2060. The meeting also addressed broader regional issues, including Afghanistan and security challenges in Central Asia. Read more: https://lnkd.in/e-yihJED #EnergySecurity #RawMaterials #EUKazakhstan #SustainablePartnership #CarbonNeutrality #TransCaspianCorridor #RenewableEnergy #GlobalGateway #KIOGE #KIOGEConference

#Kazakhstan Approves #Hydrogen Energy Development Concept to #2030 Ministry of Energy of the Republic of Kazakhstan has approved the "Concept for the Development of Hydrogen Energy until 2030," marking a critical step in advancing its hydrogen sector. The framework aims to support carbon neutrality goals and international commitments to reduce greenhouse gas emissions. The plan focuses on developing innovative hydrogen technologies and attracting investment for pilot projects. By integrating cutting-edge solutions, Kazakhstan seeks to enhance its energy sector and strengthen its position globally. This initiative aligns with the country’s strategy to transition to a green economy, promoting sustainable development and economic resilience. Kazakhstan's efforts in hydrogen energy are further bolstered by key international partnerships, including the Svevind-led HyrasiaOne project and agreements with Brussels and Germany. Read more: https://lnkd.in/eDHXjXag #KazakhstanHydrogen #GreenEnergy #CarbonNeutrality #SustainableDevelopment #HydrogenEconomy #GlobalEnergy #InnovationInEnergy #KIOGE #KIOGEConference

#Maximizing_Production from Kazakhstan’s #Mature_Oil_Fields: Insights from BCG Expert. Kazakhstan, a major player in the global oil and gas market, is facing a critical challenge: production at its largest oil fields is plateauing. According to Dr. Marc van Grondelle, Partner and Director at Boston Consulting Group (BCG) and a member of BCG’s Global Advantage Practice, mature fields like Tengiz and Karachaganak are showing signs of decline, while Kashagan's growth remains slow. Speaking at the recent KIOGE - Kazakhstan Oil & Gas Conference & Exhibition, he emphasized that these mature fields, despite challenges, still hold substantial untapped potential. Several factors are hindering sustained high production. Mature fields often lose priority to new exploration projects, and in Kazakhstan, slow cost recovery under Production Sharing Agreements (PSAs) discourages investment. Additionally, non-operating partners tend to take a passive role, limiting effective collaboration with operators and governments. However, according to van Grondelle, these challenges are surmountable. Recently, BCG helped a client reverse premature production decline at a flagship field, achieving steady production growth within a few months through cost-effective measures. BCG’s approach, as outlined by van Grondelle, consists of four key steps: 1. Identifying financial, operational, and technical barriers to increasing production. 2. Strengthening collaboration with partners to pool resources, expertise, and personnel. 3. Defining targeted actions to unlock the field’s full potential. 4. Implementing and closely monitoring these actions to ensure sustainable production increases. Van Grondelle highlighted that by improving partnerships with international oil companies and offering more favorable PSA terms, Kazakhstan can fully realize the potential of its mature fields. This strategy has proven effective, boosting GDP by 3% in one case with modest investment. Read more: https://lnkd.in/eMYDq5Yn #OilProduction #KazakhstanEnergy #BCGInsights #MatureFields #KIOGE2024 #KIOGE #KIOGEConference

#Kazakhstan and #Turkmenistan Strengthen Energy and Gas Cooperation. Kazakh President Kassym-Jomart Tokayev and Turkmen President Serdar Berdimuhamedov outlined key areas for enhanced cooperation during their bilateral talks in Ashgabat. A significant focus was placed on the energy sector, with Kazakhstan committed to participating in the development of gas condensate fields in Turkmenistan and expanding pipeline infrastructure. An agreement between #QazaqGaz and #Turkmengas will drive collaboration in the gas industry. Both nations aim to boost bilateral trade to $1 billion, exploring joint ventures in oilfield services, particularly in the Caspian Sea region. Read more: https://lnkd.in/eWyihmbk #EnergyPartnership #KazakhstanTurkmenistan #OilAndGas #PipelineInfrastructure #TradeExpansion #KIOGE #KIOGEConference

#Qatar to Invest $20 Billion in #Kazakhstan’s #Energy and Infrastructure Projects Qatar has committed $20 billion towards nine strategic projects in Kazakhstan, following the ratification of a long-term partnership agreement by the Kazakh Senate. Key investments will enhance the country's energy infrastructure, including gas processing plants and pipelines. Other projects will focus on power generation and telecommunications. Kazakhstan will offer customs and tax incentives to support these initiatives. This partnership aims to bolster economic growth and strengthen ties between the two nations. Read more: https://lnkd.in/eP3JeYfR #KazakhstanInvestment #QatarPartnership #EnergyInfrastructure #EconomicGrowth #GlobalCollaboration #KIOGE #KIOGEConference

Kazakhstan's Hydrogen Future: Insights from Dr. Venera N. Anderson (PhD, MBA). Dr. Venera N. Anderson, a global strategy advisor, thought leader in sustainability and climate, and recent speaker at the KIOGE - Kazakhstan Oil & Gas Conference & Exhibition, shared her insights on Kazakhstan’s potential as a leader in the hydrogen economy during an in-depth interview. Known for her contributions to clean energy and sustainability projects, Dr. Anderson’s chapter in the book Touching Hydrogen Future, titled "Kazakhstan 2049: Hydrogen Silk Roads and Hubs," underscores the country's promising role in the global hydrogen landscape. Dr. Anderson explained that Kazakhstan, as Central Asia’s energy transition pioneer, is uniquely positioned to become a global player in the clean hydrogen sector. Despite challenges such as transitioning from a fossil-fuel-based system and navigating water and food resource complexities, Kazakhstan has made significant progress. Key milestones include the 2024 release of its national hydrogen roadmap and the establishment of hydrogen standards in line with international ISO regulations. She emphasized the importance of Kazakhstan’s geographical position and existing renewable energy infrastructure in driving green hydrogen production. Dr. Anderson’s recent research study, The Green Hydrogen-Water-Food-Nexus: A Sustainability Analysis for Kazakhstan, explores how Kazakhstan can develop sustainable green hydrogen hubs while addressing water and food security concerns. Dr. Anderson also highlighted KazMunayGas’s (KMG) initiatives, which include a low-carbon development program that integrates hydrogen technology. Collaboration with international partners and research institutions is crucial for overcoming barriers and ensuring sustainable development. In conclusion, Dr. Anderson’s vision for Kazakhstan is ambitious yet grounded in extensive research and analysis. Her participation at the KIOGE 2024 conference in Almaty further demonstrated her commitment to supporting Kazakhstan's transition to a sustainable hydrogen economy. Read more: https://lnkd.in/evPFb94H #HydrogenEconomy #Kazakhstan #CleanEnergy #SustainabilityLeadership #EnergyTransition #ClimateAction #GreenHydrogen #KIOGE

#Kazakh ministers recently visited Ansaldo Energia, marking a significant step in strengthening ties between Kazakhstan and the Italian energy company. The delegation included H.E. Arman Shakkaliyev, Minister of Trade and Integration of the Republic of Kazakhstan, H.E. Yerbolat Sembayev, Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to Italy, and H.E. Yerzhan Yerkimbayev, Deputy Minister of Tourism and Sport of the Republic of Kazakhstan. The visit highlighted the shared vision between the two parties for energy security and transition, as demonstrated by the ongoing Almaty-3 Power Plant project in Kazakhstan. This engagement provided a valuable opportunity to deepen industrial and institutional relations and explore new avenues of collaboration. #Kazakhstan #EnergyPartnership #SustainableEnergy #GlobalCollaboration #KIOGE

KazMunayGas Explores Sustainable Aviation Fuel Production to Drive Carbon Reduction. KazMunayGas (KMG) is evaluating the production of sustainable aviation fuel (#SAF) as part of its strategy to support the future of air transport. During a recent meeting between KMG Chairman Askhat Kassenov and IATA Vice President Rafael Schwartzman, KMG highlighted that SAF adoption is crucial for the aviation sector’s growth and aligns with global carbon reduction goals. While Kazakhstan's oil refineries are equipped to produce traditional Jet A-1 fuel, transitioning to SAF will require significant infrastructure upgrades. This initiative supports Kazakhstan’s commitment to reducing emissions under the CORSIA framework. Read more: https://lnkd.in/eia2crm4 #SustainableAviation #CarbonReduction #KazMunayGas #FutureOfAirTransport #KIOGE

#Kazakhstan Approves Construction of New #Nuclear Power Plant The Central Election Commission (CEC) of Kazakhstan has released preliminary results from the October 6 national referendum on building a nuclear power plant. According to CEC Chairman Nurlan Abdirov, as of 8 a.m. on October 7, votes from 10,323 polling stations, both domestic and abroad, have been counted. Of the 12.3 million eligible voters, 7.8 million participated, representing a 63.66% turnout. Preliminary results show 71.12% (5.56 million voters) support the plant's construction, while 26.15% (2.04 million voters) are against it. The highest approval rates were recorded in the Turkistan and Almaty regions. Final results will be confirmed at an upcoming CEC meeting. Read more: https://lnkd.in/ekKY8PDy #KazakhstanEnergy #NuclearPower #SustainableFuture #KazakhstanVotes #EnergyDevelopment

🚀 The winners of the Industry 4.0 Startup Battle have been announced at KIOGE - Kazakhstan Oil & Gas Conference & Exhibition 2024! 🚀 Over 50 innovative startups competed, with 11 standout projects making it to the final round. Each finalist had just 3 minutes to showcase their solutions to the judging panel. 🔹 KAZITECH: Digital queue management system, awarded $10,000 by Xfinity Solutions. 🔹 Equipmetry: Cloud-based resource management system, receiving $15,000 from an Industry 4.0 development ambassador. 🔹 World of VR: VR simulators for occupational safety and fire prevention, granted 10 million tenge in VK Cloud services. 🔹 Smart Gas: Automated refueling system called FuelSync. 🔹 3GIS: Real-time vehicle and operator monitoring platform, receiving 5 licenses for the GPT Fundamentals course from Lerna Skillbox. KIOGE - Kazakhstan Oil & Gas Conference & Exhibition 2024, an annual exhibition and conference for the oil and gas industry, was held in Almaty at the end of September, attracting 340 companies from 20 countries. The Industry 4.0 Startup Battle was supported by Kazakhstan’s Ministry of Energy and Ministry of Digital Development withing KIOGE. Congratulations to all the winners and participants! Looking forward to seeing these innovative solutions shape the future of the industry. 🌟 Read more: https://lnkd.in/eHPMGxys #KIOGE2024 #Industry40 #Innovation #Startups #OilAndGas