Fast Market Research

Market Report, "Kazakhstan Oil & Gas Report Q2 2014", Published

New Energy market report from Business Monitor International: "Kazakhstan Oil & Gas Report Q2 2014"

 

Boston, MA -- (ReleaseWire) -- 04/11/2014 -- Keeping in mind large underground potential, we maintain our optimistic outlook for Kazakhstan. However, we continue to underline risks related to resource nationalism and geological complications on major prospects that could deter foreign investors. Kazakhstan's choice to block the sale of ConocoPhillips' Kashagan stake in order to allocate it to CNPC illustrates the uncertainty of the business environment that surrounds the country.

The main trends and developments we highlight for Kazakhstan's oil and gas sector are:

- Kazakhstan has been strengthening its trading ties with China. Kairgeldy Kabyldin, head of KazTransOil, seems to have made a clear choice, as he declared in early March 2013 plans to increase oil exports to China by the end of the year. The decision to prioritise China National Petroleum Corporation (CNCP) over India's Oil and Natural Gas Corporation (ONGC) for the acquisition of ConocoPhillips' Kashagan stake supports the view that Kazakhstan is supporting a stronger integration with China.
- KazMunaiGas (KMG)'s acquisition of a 10% stake in the Karachaganak gas and condensate project for a total pre-tax consideration of US$3bn, including US$1bn in net cash and the settlement of outstanding legal claims against the operating consortium, is a positive move for the foreign companies involved. The deal removes many of the legal uncertainties surrounding their operations in the country and opens the door to the long-delayed third phase of development, which will boost output from the field.
- We forecast that the estimated 2013 gas output of 11.2bn cubic metres (bcm) will rise to 15.2bcm by the end of 2017. Infrastructure bottlenecks and delays to key decisions with regard to associated gas have forced us to moderate our assumptions. The country's exports are also declining. Our demand forecasts see consumption reaching 15.6bcm in 2017, creating increasing risk that the country might have to rely on imports, if only on a temporary but regular basis.

View Full Report Details and Table of Contents

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Energy research reports at Fast Market Research

You may also be interested in these related reports:

- Gazprom Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Lightstream Resources Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Pioneer Southwest Energy Partners L.P. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Sure Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Gran Tierra Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Comstock Resources, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- TriOil Resources Limited Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Crimson Exploration Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Bonavista Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013
- Novus Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2013