Kazakhstan energy report

• The 2050 Strategy targets a 50% share of non-fossil energies in total energy consumption 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 3 consortia (TCO, NCOC, and KPO), in which national company KazMunaiGas has stakes.
• Kazakhstan has abundant energy reserves. It holds around 10% of the world's uranium resources and is the largest producer.
• Gas production has been decreasing rapidly since 2018 (-11%/year).
• Energy prices increased in 2021, especially for gas.
• Coal supplies almost half of the energy consumption.
• The Strategy 2050 expects power demand to double by 2050.

• 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.

• Energy Supply

  Resources:

  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 (8^th largest coal reserves in the world, end of 2021). About 70% of the Kazakhstani oil potential is located in the west of the country, particularly in the Caspian Sea (Kashagan).

• Energy Prices

  Oil:

  The price of oil products is quite low and only slightly above the international spot price, especially for diesel. In 2021, the price of gasoline and diesel increased by 8% (US$0.39/l) and 7% (US$0.44/l), respectively, after a decrease between 2017 and 2020 of 6%/year.

  Graph: GASOLINE & DIESEL PRICES (US$/l)

• Energy Consumption

  Per capita consumption is about 3.9 toe and around 4 500 kWh of electricity (2021).

  Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

  

• Issues & Prospects

  Electricity:

  In its Strategy 2050, Kazakhstan expects electricity demand to reach 135 TWh in 2030 and 170 TWh in 2050.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Kazakhstan energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2021, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2021%)
• 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 (2021, %)
• GRAPH 10: Final consumption market share by sector (2021 %)

In the Kazakhstan energy market report you will find the following tables:

• 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.