Name: Kazakhstan’s gas outlook: has it overcommitted to China?
Brand: Wood Mackenzie
SKU: 116320
Price: 1350 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 13 September 2019

Get this report*

$1,350

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Kazakhstan’s gas sector is coming of age. In 2018, state-owned KazTransGas signed a five-year export deal to deliver up to 1.0 bcfd (10 bcm per year) to China in 2019-23. The scale of the new export commitment cannot be overstated. It represents nearly one-third of Kazakhstan’s marketed gas output and is almost on par with current domestic demand (1.5 bcfd). This has led to concerns – in both Kazakhstan and China – about the Central Asian producer’s ability to deliver on the contract in full.

Executive summary
A new piece of the China gas supply mix
Volume growth, but an increasingly blurry strategy
- Where will further growth come from?
- Tengizchevroil
- Karachaganak
- Kashagan
Gas economics are still a work in progress
- A lack of commercial incentives
- A range of commercial obstacles
Conclusion: a new roadmap is needed
- Price transparency and incremental reform
- Incentives for upstream cooperation
- Evaluation of new approaches