DEVELOPMENT OF FUEL AND ENERGY INDUSTRY
Kazakhstan intends to develop petrochemical industry. According to Kazakh Energy Minister Kanat Bozumbayev, it is planned to increase the depth of coal processing, and develop the infrastructure for the transportation of liquefied natural gas. The procedure for signing subsoil use contracts will be simplified in Kazakhstan next year. The total investments volume in the fuel and energy sector will make up 19 trillion tenge by 2025, with the bulk of funds attracted from private investments. Special attention will be paid to the development of the nuclear and uranium industry, where Kazakhstan occupies leading positions. Despite the high rates of traditional energy development, the share of renewables in energy production should grow, Kanat Bozumbayev said.
KANAT BOZUMBAYEV, KAZAKH MINISTER OF ENERGY:
- Kazakhstan’s strategies are aimed not only at high rates of traditional energy, but also at the stage-by-stage development of alternative and renewable energy sources. Their share should be 3% in the total volume, then 10% by 2020 and 50% by 2030.
These and other issues of energy conservation and energy efficiency, the development and implementation of new environmentally friendly and efficient technologies, as well as the balance of the use of renewable and traditional energy sources were discussed by the participants of the 11th Kazenergy Eurasian Forum. As it became known, the International Center for Green Technologies and Investment Projects will soon start operating in Astana on the basis of the EXPO facilities. It will address the issues related to transformation of the energy sector and the transition to a "green" business. The center will cooperate with a number of OECD countries, the European Union, Russia, China, the United States and India.