Almost $8 billion invested in gas extraction in Kazakhstan

Описание: Exploration of the largest shale and tight gas field Sozak will begin in Kazakhstan. The field is located in the Kyzylorda region. Plans envisage producing up to one trillion cubic meters of unconventional gas there. More than $7.5 billion in foreign investment has been committed to the new project. It will be implemented by the international Chinese energy company Geo-Jade Petroleum Corporation. The gas is planned to be supplied to the domestic market and used for the development of gas chemistry. The project is designed until 2045 and is expected to generate up to $5 billion in budget revenues. The investor has committed to sharing technologies, training local personnel, and procuring goods and services in Kazakhstan. The Chinese company has already invested more than $3 billion in major energy projects in Kazakhstan.

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