Kazakhstan to produce 109-110 cubic meters of gas by 2030
20:31, 23 May 2012
ASTANA. May 23. KAZINFORM Kazakhstan will produce 109-110 cubic meters of gas by 2030, Kazakh Vice Minister of Oil and Gas Bolat Akchulakov told the V Astana Economic Forum.
According to the Vice Minister, Kazakhstan has 3.9 trillion cubic meters of recoverable gas reserves. On gas reserves Kazakhstan occupies the 18th place in the world.
Akchulakov noted Kazakhstan produces mostly associated gas. It is used for injection into oil reservoirs to maintain pressure.
Currently, Kazakhstan is not a player in the world market of commercial gas. But, amid the decrease in production of liquid hydrocarbons and the need to increase gas production in the future we will reach the volume of 110 billion cubic meters of gas per year.