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- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
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This analysis includes a comprehensive Kazakhstan energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
- The country targets a share of 15% of renewables in the power mix in 2030 and of 50% of renewables and alternative energies by 2050.
- The country plans to be carbon neutral by 2060.
- State-owned Samruk-Energy is the largest power producer, with 30% of total production.
- Around 60% of oil production is provided by two companies: TCO and KMG.
- Kazatomprom is the largest uranium producer with 55% of production.
- Kazakhstan has abundant energy reserves. It holds around 15% of the world's uranium resources and is the largest producer.
- Gas production has been decreasing rapidly since 2018 (-10%/year).
- Almost 90% of the power mix is made of thermal energy (63% of which for coal).
- The price of oil products is low and quite independent of trends in crude oil prices.
- Coal supplies almost half of the energy consumption.
- Buildings absorb 45% of the final consumption.
- A total of 107 exploration & development licences for oil and gas blocks will be relocated or sold.
- Sveving Energy plans to develop 40 GW of solar & wind capacities by 2032 to feed a large hydrogen plant.
Institutions & Energy Policy
The Ministry of Energy oversees the energy sector. It was created in 2014 following the merger of three Ministries ("Oil and Gas", "Industry and New Technologies" and "Environment and Water Resources"). This supersized Ministry was created to tackle the declining exports to Russia and the stagnant domestic oil production.
Kazakhstan has abundant energy reserves. They amount to about 4.1 Gt for oil, around 1 800 bcm for gas and 25.6 Gt for coal (8th largest coal reserves in the world, end of 2022). About 70% of the Kazakhstani oil potential is located in the west of the country, particularly in the Caspian Sea (Kashagan).
In 2022, household and industry prices decreased by 6.7% and 6.5%, respectively (to US$0.55c/kWh and US$0.59c/kWh), after a sharp increase in 2021 for household prices (+37%). Between 2015 and 2020, these prices decreased significantly, by 15%/year for industry and by 9.5%/year for households; both reached US$0.43/kWh in 2020.
Graph: GAS PRICES FOR HOUSEHOLDS (US$c/kWh GCV)
Per capita consumption is about 3.7 toe and around 4 100 kWh of electricity (2022).
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Kazakhstan's oil potential has recently gained international prominence. The country's main objective is to intensify exploration and production, as well as exports.
In its oil development plans, Kazakhstan faces one main issue, which is the country's strong dependence on Russia's infrastructures for its exports.
- GRAPH 1: CO2-energy emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2022, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2022%)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Gas prices for households (US$c/kWh GCV)
- GRAPH 8: Consumption trends by energy source (Mtoe)
- GRAPH 9: Total consumption market share by energy (2022, %)
- GRAPH 10: Final consumption market share by sector (2022, %)
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
- Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.
The Kazakhstan energy market data since 1990 and up to
is included in the Excel file accompanying the Kazakhstan country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Kazakhstan Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Kazakhstan energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).