В Атырау
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A strategic session was held at the central office of JSC NC QazaqGaz with the participation of the top management of the national company.
Sanzhar Zharkeshov, Chairman of the Management Board of QazaqGaz, delivered a welcoming speech. He summed up the results of 2024 and outlined the key development directions for 2025. He noted that QazaqGaz is successfully implementing strategic initiatives to modernize and expand Kazakhstan's gas infrastructure. For sustainable gas production growth, QazaqGaz continues to invest in exploration actively.
The national company has developed a specific plan that includes steps to implement gas exploration projects as soon as possible. Over the past two years, 23 potentially promising gas-bearing sites have been considered, of which 14 sites are assigned to the national gas company. Subsurface use contracts have been signed for the Maldybai sites in the Zhambyl region and Shalkar in the Aktobe region. Also in 2024, an agreement was signed with Chevron to conduct research in the Aktobe region. The exploration agreement at the KT-III site was concluded on the terms of 100% carry-financing. An agreement was signed with the KOR Oil Company to jointly conduct geological exploration at the promising Akkuduk site in the Mangystau region and a contract for subsurface use of hydrocarbons at the Shalkar site in the Aktobe region.
It is noted that QazaqGaz has demonstrated effective work in geological exploration. The challenges faced by the national company were voiced, including legislative barriers that need to be reviewed. Work with investors on all existing projects is expected to accelerate shortly. In 2025-2029, it is planned to continue improving financial performance and attracting investments to implement significant projects. A large-scale partnership is underway with Qatar Power International Holding.
QazaqGaz has signed four agreements worth more than 11 billion US dollars this year. As Sanjar Zharkeshov noted, 2025 will be declared the year of geological exploration and capital construction. The company plans to invest in the exploration of new fields and constructing gas pipelines and gas processing plants.