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Kazakhstan to drastically boost gas production by 2030

23 may 2012, 16:41
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kmg.kz
kmg.kz
By 2030 Kazakhstan may become a major supplier of gas to global markets through secondary recovery at the contracted oil and gas fields, Vice Minister of Oil and Gas Bolat Akchulakov announced May 23 at the V Astana Economic Forum.

“Kazakhstan isn’t a global player at the gas market so far (…) over time production of liquid hydrocarbons will be decreasing, and we will have to extract the gas currently injected into the oil reservoirs. Through secondary recovery a total of 109-110 billion cubic meters could be produced”, he said.

He reminded that Kazakhstan plans to raise gas production from the current 40 billion cubic meters to 109-110 billion cubic meters by 2030.

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