Kazakhstan to reduce GDP energy intensity

Oil&Gas Materials 20 January 2014 16:38 (UTC +04:00)
Kazakhstan intends to decrease its GDP energy concentration by 10 percent by 2015.

Astana, Kazakhstan, Jan.20
By Daniyar Mukhtarov - Trend:

Kazakhstan intends to decrease its GDP energy concentration by 10 percent by 2015, Director General of the KAZENERGY Association, Asset Magauov told Trend.

"Kazakhstan intends to reduce its GDP energy intensity by 10 percent by 2015 and by 25 percent by 2020," Magauov said commenting on the clauses of Kazakhstan's National Energy Report.

Kazakhstan possesses significant potential for reducing energy consumption and is among those countries with the highest level of energy intensity in the economy, according to the director general.

"However, despite the high GDP energy intensity, energy consumption in Kazakhstan (per capita) is at a comparable level with developed countries," Magauov said.

In order to achieve this goal, the country plans to strengthen state control over the observance of regulations on energy consumption and monitoring phases of implementation of the 'Energy saving - 2020' programme, according to the director general.

"The technically feasible potential of energy saving and cost-saving potential should be distinguished. The technical potential for energy saving in the country is estimated at 28 percent of the total consumption of primary energy resources. At the same time, under the conditions in Kazakhstan, the implementation of only some part of this potential, 19 percent of the total consumption of primary energy resources will be economically justified," Magauov said.

Implementation of the economic potential of energy saving will allow Kazakhstan to continue its economic and industrial growth in the medium term without significant increase in energy consumption, according to Magauov.

It was earlier reported that Kazakhstan had worked out a National Energy Report which reflected key directions of development of national energy, including the oil and gas sector which is very important for the country. The report was developed by KazEnergy. It is planned to adopt the document after its analysis and evaluation by international experts.

Translated by L.Z.

Edited by S.M.