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 have 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

  Gas:

  Gas marketed production has been decreasing rapidly since a peak at 39 bcm in 2018 (-11%/year) reaching 27 bcm in 2021. It has increased fourfold between 2000 and 2018.

  According to KMG, Tengiz accounted for 36 of the country's gross production in 2021, followed by Karachaganak (23%) and Kashagan (10%).

• Energy Prices

  Electricity:

  Electricity prices for households have been decreasing between 2017 and 2020 and have increased in 2021 to US$3.8c/kWh. Electricity prices are regulated (price cap set by the CRNM).

  Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)

  

• 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

  Oil:

  Kazakhstan's oil potential has recently gained international prominence. The country's main objective is to intensify exploration and production, as well as exports.

• 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.