One of the prior areas for the development of the oil and gas sector is deep processing of hydrocarbons.
At a meeting on the development of the gas industry, President of Kazakhstan Kassym-Zhomart Tokayev noted that the construction of an integrated gas chemical complex, which has been dragging on for more than ten years, has not yet been completed, the press service of Akorda reported.
The President believes that under tough competition, it is necessary to develop flexible approaches corresponding to the realities of the market.
The government has been instructed to develop a comprehensive investment proposal.
“Our talks about petrochemicals, as a rule, boil down to two products: polyethylene and polypropylene. I think we need to expand this list. The market demand is not limited to these materials. Around the nodal oil and gas chemical industries, enterprises should be created for the processing of basic products into finished products for industrial and household purposes, focused on the domestic and foreign markets. Taking into account the above, the government will have to prepare a vision for the further development of the industry with an emphasis on diversification of end products,” said Kassym-Jomart Tokayev.
The President reminded once again that there is a steady tendency all over the world – decarbonization of industry and economy. Kazakhstan, without standing aside, declared that it would achieve carbon neutrality by 2060.
“Achieving zero emissions will require structural industrial and economic changes. I am instructing to increase the volume of gas generation by one and a half times by 2030 – from 21 to 33 billion kilowatt-hours. Gas should occupy at least a quarter of the country’s energy balance. According to my instructions, by this time the share of renewable energy sources should be 15%.
Thus, by the end of this decade, almost half of the country’s electricity will be generated from more environmentally friendly sources,” summed up the head of state.
Caspian Barrel
