ASTANA, Kazakhstan, February 22. QazaqGas JSC (Kazakhstan's national gas company) has attracted large investments to implement projects for the development of the gas industry, said Chairman of the Board of QazaqGaz Sanzhar Zharkeshov, Trend reports.
"The President was briefed on the status of the implementation of major projects worth $12 billion through foreign investments. For example, the second line of the Beineu-Bozoy-Shymkent gas pipeline, two new gas processing plants at the Kashagan field and others," he said after a meeting with the President of Kazakhstan Kassym-Jomart Tokayev.
Zharkeshov noted that QazaqGas invested 400 billion tenge (about $885 million) from its own funds into gas projects in various areas.
"To develop the resource base of commercial gas, the national company QazaqGas introduced a new Anabay gas field, and as a result of actions to expand the resource base, an increase in supplies of commercial gas to the domestic market was ensured by more than 19 percent," he noted.
Meanwhile, Kazakhstan plans to increase gas production through the introduction of new gas fields in the medium term.
Gas production has already started at the Rozhkovskoye, South Aksay, and Anabay fields, with recoverable reserves of more than 31 billion cubic meters of gas.
In the medium term, the launch of the Urikhtau Central, Western Prorva, and Kalamkas gas fields with recoverable reserves of 69 billion cubic meters of gas is expected.
In addition to this, work is underway on new gas processing plants in Kashagan and Karachaganak, as well as in Zhanaozen.
At the same time, the 2nd and 3rd stages of the Saryarka gas pipeline, the Aktobe-Kostanay gas pipeline, and the 2nd line of the Beineu-Bozoy-Shymkent gas pipeline are planned.
Moreover, to develop the petrogaschemical industry, construction of the Butadiene project worth $1 billion will begin this year.
At the same time, the implementation of other large investment projects for the production of polyethylene, polyethylene terephthalate, and urea in the Atyrau and Aktobe regions for a total amount of $13.7 billion continues.