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Kazakhstan to increase energy resources production

Business Materials 27 November 2014 17:45 (UTC +04:00)
Kazakhstan will increase the production of energy resources in the coming years
Kazakhstan to increase energy resources production

Astana, Kazakhstan, Nov.27

By Daniyar Mukhtarov - Trend:

Kazakhstan will increase the production of energy resources in the coming years, said the Prime Minister Karim Massimov Nov.27 at the 25th session of the Energy Charter Conference in Astana.

"We expect to join the top 10 main producers of energy resources, including the production of natural gas," he said. "We are also going to develop projects for the processing of shale gas."

The prime minister said that the Energy Charter plays an important role in the management of the energy market, including the establishment of ties between the participants of this market.

Consequently, the Energy Charter Treaty plays an important role in ensuring equal conditions for all participants of the production energy chain, said Massimov.

"Today, our conference is devoted to the development of transit corridors, and we consider it as the key to global security," he said. "Now it is quite obvious that energy security is one of the major challenges of our time. Economic growth contributes to the fact that the demand for energy resources grows. We believe that the search for the new renewable sources of energy will gain increasing importance."

The prime minister urged to respond to these challenges together, noting that Kazakhstan is taking measures to ensure the active participation in all these processes.

"As a chairman of the Energy Charter Conference, we aspire to expand the geographical scope of the organization," said Massimov. "We believe that the development of efficient energy markets is our common interest, common interest for producers, transporters and consumers of energy."

He also said that Kazakhstan aspires to diversify the routes of energy supplies.

At present, we are working hard to develop and expand pipelines and gas pipelines to China, the prime minister said.

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