Kazakhstan Chamber of Commerce in the USA

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Archive for the ‘Energy’


Kazakhs, Chevron-led group approve $37B Tengiz field expansion 0

Posted on July 20, 2016 by KazCham

CNBC

Kazakhstan and a group of oil majors led by Chevron approved on Tuesday a $36.8 billion plan to boost production at the Tengiz field, the Central Asian nations’ Energy Ministry and foreign partners said in a joint statement.

The super-giant field, one of the world’s biggest, accounts for more than a third of total crude output in Kazakhstan which is the biggest ex-Soviet oil producer after Russia.

Under the plan, Tengiz, in which Exxon Mobil and Lukoil also have stakes, will increase output to 39 million tons a year (850,000 barrels per day) by 2022 from 27 million tons currently.

“Today we are witnessing a historic event not just for the oil and gas sector but for the whole country,” Kazakh Energy Minister Kanat Bozumbayev told reporters in Astana, sitting next to executives of Tengizchevroil, the joint venture operating Tengiz, and partner companies.

In a separate statement, Chevron said the total project budget included $27.1 billion for facilities, $3.5 billion for wells and $6.2 billion for contingency and escalation.

Kazakhstan holds a 20 percent stake in the venture via state oil and gas firm KazMunayGaz. Chevron owns 50 percent, Exxon Mobil has 25 percent and Lukarco, controlled by Russia’s LUKOIL, the remaining 5 percent.

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Chevron and Nazarbayev University Students Introduce Model Eco-Village Project 0

Posted on July 03, 2016 by KazCham

Astana Times

Chevron’s contribution to science and technology development in Kazakhstan is designed to create opportunities for students and young researchers to develop their professional and academic skills while searching for solutions to improve the quality of life.

The company helps local universities in purchasing advanced equipment, upgrading laboratory infrastructure, supporting faculty research programmes, and providing funds for scholarships and project teams of young scientists and students.

Last May, in partnership with the Nazarbayev University, Chevron introduced a model eco-village – a futuristic, human and environment-friendly settlement that could be built 25 km from Astana. The eco-village is designed to be energy efficient, sustainable, based on innovative technologies, and integrate harmoniously with the natural landscape.

The 3D eco-village model is a result of a year-long research carried out by a team of 25 university students representing various departments and contributing their knowledge and skills in the areas of design, engineering, ecological studies, energy studies, and IT. Mentors from the university worked hand in hand with students on project management and technical issues.

“The whole modelling part was implemented by the students with the support of university administration, professors and experts. We plan to submit it for presentation at EXPO 2017. And I have no doubt that we will succeed,” shared his confidence Daniil Tarasov, a 3rd year student and project manager. “To be part of this project is a great honour and priceless experience for me.”

Later this year, the project team plans to arrange a peer-review by local expert community.

Since its establishment in 2010, Nazarbayev University has swiftly developed into one of the leading educational and research institutions in Kazakhstan. Starting from 2012, the university and Chevron entered into a long-term partnership based on the shared philosophy of striking the right balance between environment preservation and the advancement of technology.

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354 DAYS TILL BEGINNING OF THE ASTANA EXPO 2017 0

Posted on July 01, 2016 by KazCham

Futuristic eco city breaks ground in Kazakhstan for the World Expo 2017

Inhabitat

Construction works on the highly anticipated Expo City 2017, designed by Adrian Smith + Gordon Gill Architecture (AS+GG), are well underway in Astana, Kazakhstan. The 429-acre master plan responds to the Expo theme “Future Energy” by incorporating buildings that will operate as power plants, generating energy from solar panels and wind turbines to power themselves and the rest of the campus through an innovative smart grid.

The project focuses on using renewable energy as the primary source for infrastructure and daily operation of the buildings. Each element of the design aims to encourage and support the idea of clean energy across the project, which will feature exhibition and cultural pavilions, a residential development, commercial areas, educational and civic facilities, as well as parks and parking.

Located at the very heart of the campus, the sphere-shaped Kazakhstan Pavilion will be a true symbol of the “Future Energy” concept. Its transformative skin will reduce thermal loss and reduce interior solar glare, at the same time increasing the building’s energy output through integrated sustainable systems such as photovoltaics.

Each building was designed to reduce energy use and increase the amount of clean energy that can be harvested. “The building forms are the direct result of a considerate and thorough design process, which AS+GG practices as ‘Form Follows Performance,” said AS+GG partner Adrian Smith, FAIA.

In addition to the excellent energy performance of individual buildings, the architects ensured that the entire development will be interconnected by including a smart energy grid, smart recycled water grid, integrated waste management system, and inter-seasonal underground thermal energy storage. After the Expo, the site will be converted into an office and research park for international companies and entrepreneurs.

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Lukoil launches construction of new lubricants plant in Kazakhstan 0

Posted on June 16, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

An official ground breaking ceremony for a new PJSC LUKOIL lubricant blending plant was recently held in Kazakhstan.

The facility is being built in the Almaty region, close to the Western Europe-Western China transportation route, the Kazakh part of which will be completed in 2016. In view of the favourable location on the crossroads of vital transportation routes, the priority market for the plant will not only be Kazakhstan, but also the other countries of Central Asia, as well as Mongolia, Afghanistan and China.

“It is a new stage of LUKOIL’s cooperation with the Republic of Kazakhstan. The capacity of the plant will be 100,000 tons a year with an option to increase the output up to 130,000 tons. About $85 million will be invested. A high-tech lube blending plant capable of producing world-class products will be built,” said Maxim Donde, general director of LLK-International.

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€150 million solar power plant planned near Astana 0

Posted on June 12, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

A ground breaking ceremony was held for the construction of a solar power plant in the village of Kabanbai Batyr in the Akmola province, around 30 kilometres from Kazakhstan’s capital city, Astana.

KB ENTERPRISES (a wholly-owned Kazakh company) is implementing a project to build a solar power plant with a daily generation capacity of 100 MW or 288 thousand MW per year. The project will cost €150 million, including 30 percent in investments from Turkey, Germany and the Netherlands.

More than 31,000 solar panels will be installed on an area of 300 hectares.

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Kazakhstan seeks export markets for surplus electricity 0

Posted on June 08, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

Kazakhstan now has a surplus electricity generation capacity of around 4-5 thousand MW per year, and is considering the possibility of electricity export and transit, according to Bakytzhan Kazhiyev, chairman of the Kazakhstan Electricity Grid Operating Company (KEGOC).

Kazhiyev said China needs very large volumes of electricity: “[The Chinese] are not very much interested in electricity supplies to the border region of Xinjiang; they need power supplies to central China. We are negotiating such supplies with our Chinese colleagues.”

Speaking about the possible exportation of electricity to Afghanistan and Pakistan, Kazhiyev said that these countries do have a demand for power, but “we have no transmission grids, no possibility to transfer surplus electricity that exists in Kazakhstan

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EBRD to finance gas projects in Kazakhstan 0

Posted on June 06, 2016 by KazCham

Colibri Law Firm BI@colibrilaw.com

The European Bank for Reconstruction and Development (EBRD) will provide up to €294 million for two ground-breaking projects to increase the use of domestically produced natural gas and largely replace the use of coal in Kazakhstan.

The relevant agreement was signed by EBRD President Suma Chakrabarti and Chairman of the Board of the Kazakh KazTransGas gas transportation company, Kairat Sharipbayev.

The first project is the upcoming modernisation and refurbishment of the underground storage in Bozoi, in the bank’s first ever cooperation with KazTransGas.

The second project involves the expansion and modernisation of the natural gas distribution network in several regions of Kazakhstan. The upgrade will allow the company to connect new households and industrial customers to gas supplies, replacing the current carbon-intensive energy sources.

 

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President discusses oil, gas cooperation with Chevron CEO 0

Posted on May 27, 2016 by KazCham

Astana Calling

Nursultan Nazarbayev held a meeting with Chevron CEO John Watson. The sides discussed further cooperation in oil and gas sectors, implementation of joint projects, as well as the expansion of the corporation’s contribution in development field.

Chevron invested $113 billion to the country’s budget. The company has been implementing a number of scaled projects in social infrastructure. Watson thanked Nazarbayev for providing a favorable investment climate in the country and attention to industrial development.

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Kazakhstan Pledges Shift to 50 Percent Renewable Energy by 2050 0

Posted on May 25, 2016 by KazCham

Inverse

The Paris Climate Accord has many countries excited about actually reducing greenhouse gas emissions. Even nations with rich fossil fuel reserves are carrying the banner of green energy, a powerful sign that the shifting climate landscape is radically altering how countries are calculating their interests.

Fossil fuel production constitutes 17 percent of Kazakhstan’s GDP, yet the Foreign Minister Erlan Idrissov just announced the country is planning to shift to 50 percent renewable energy by 2050. For some perspective, in 2015, the United States generated just 13 percent of its energy from green sources, like wind, solar, and hyrdo.

In an address to the United Nations General Assembly, Idrissov promised that Kazakhstan would sign the Paris Climate deal and make the necessary changes to fulfill its obligations.

“Although our country is rightly known for its abundance of conventional energy resources, we are absolutely committed to developing green economy,” Idrissov said. “We have set ourselves ambitious goals, for example, to generate 50 percent of our electricity from non-fossil fuel sources by 2050.”

That famous Kazakhstan snark is perfectly appropriate in this instance. It is pretty incredible how some nations are bearing the brunt of shifting to green energy, while others seem to be coasting on their backs. The United States produces the second most emissions in the world, behind only China, and the third most emissions per capita, behind only Saudi Arabia and Australia respectively. And we could be doing way more to shift to renewables, we’re just not doing it.

In a recent Twitter chat, Bill Nye talked about how quickly the United States could convert its entire economy to 100 percent renewable energy, and the answer is far less daunting than one would imagine.

“We could certainly do almost all of it, here in the United States, by 2050,” Nye said, adding ominously: “If we wanted to.”

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Kazakhstan: from the center of the nuclear threat to a center for security and safety 0

Posted on May 23, 2016 by KazCham

EU Today

In the golden years of detente that followed the breakup of the USSR and the end of the Cold War, humanity aspired towards the total denuclearisation of the planet. But events were to take a different turn, and today we can say with regret that the drive towards disarmament is largely over, due to the actions of both NATO and Russia.

Now we have sufficient nuclear weapons to destroy the entire planet, several times over. A single warhead is capable of destroying a million-strong city in a matter of moments – Mutually Assured Destruction (MAD) – to use Cold War parlance.

The Treaty on the Non-Proliferation of Nuclear Weapons is no longer fulfilling its purpose.

Nuclear weapons, along with the technology and expertise required to produce them, have spread all over the world, largely due to double standards of the main powers. It may be just a matter of time before they fall into the hands of terrorists, a real fear that is understood by all. This is why the Nuclear Security Summit in Washington last month gathered leaders of nearly fifty countries of the world.

First to take the floor and address the Summit was President Nursultan Nazarbayev of Kazakhstan.

During the last 25 years, Astana has taken a lead in this issue, and has demonstrated real commitment towards disarmament, and the restoration of the non-proliferation process. The country has, historically, held nuclear weapons. Indeed, following the collapse of the Soviet Union, Kazakhstan inherited the fourth-largest nuclear arsenal in the world.

Although the country possessed the experts, and all the necessary infrastructure for the realisation of a nuclear weapons program, Kazakhstan voluntarily refused to do so.

Read full article at EU Today

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