KazTransGas intends to acquire all its gas from Kashagan field in Kazakhstan

Kazakhstan, Astana, August 20 / Trend D. Mukhtarov / Kazakhstan's KazTransGas will acquire the whole volume of Kashagan gas, extracted in the first stage before the expiry of the North Caspian Sea Production Sharing Agreement (NCSPSA), that is, till 2042 the report of JSC's press service says. The report was published before the ceremony of signing the contract for the sale of gas with the contracting companies of the North-Caspian project. "According to the terms of signed contract, JSC KazTransGas will acquire all volume of Kashagan gas, extracted in the first stage before the expiry of NCSPSA that is till 2042. The planned annual supply volume of Kashagan gas will constitute from 2.5 to 3 billion cubic meters, which will allow consolidating significant amounts of gas for internal market to export", the report says. After the signing ceremony, commenting this event, General Director of JSC KazTransGas Serik Sultangali told journalists during the briefing, that the Kazakhstan will get additional amounts of natural gas for internal market. "Today we are signing a historical document. Its uniqueness is in that we will get additional amounts of natural gas for provision of internal market. The preliminary allocation of shares will be as follows: between 70 and 80 percent of the produced gas - for Kazakhstan's population, 30 or 20 percent, depending on internal market demands, will be exported," Sultangali said. The agreement's signers include the contracting companies on NCSP - Agip Caspian Sea B.V., ConocoPhillips North Caspian LTD, ExxonMobil Kazakhstan Inc, Inpex North Caspian Sea, Ltd, KMG Kashagan B.V., Shell Kazakhstan Development B.V., and Total E&P Kazakhstan. Do you have any feedback? Contact our journalist at agency@trend.az