Kazakhstan to introduce wholesale gas prices in May 2014

At the extended session of the Kazakh Ministry of Oil and Gas, the head of the Cabinet said the domestic law on gas and gas supply envisages the introduction of common wholesale price. The topic has been high on the agenda of the Kazakh Government and regional authorities for the past year.

"The issue of wholesale gas prices is of paramount importance. It should be solved using a reasonable approach. The wholesale gas prices are believed to be introduced in early May 2014. Hopefully, this move will help us normalize the gas supply situation in the regions of the country," S. Akhmetov noted.