What is the wholesale electricity and capacity market in Kazakhstan?

The wholesale electricity and capacity market in Kazakhstan consists of: The wholesale electricity market operates on the basis of buying and selling planned electricity volumes, which are included in the daily production-consumption schedule approved by the system operator.

What is the total installed capacity of power plants in Kazakhstan?

As of January 1, 2022, the total installed capacity of power plants in Kazakhstan was 23,957, MW. Electricity in Kazakhstan is generated by 155 power plants of various forms of ownership.

Is Kazakh ready to transition to market-based refined product prices?

Kazakh authorities remain officially committed to a gradual transition to market-based refined product prices, in keeping with the Eurasian Economic Union (EAEU) goal of launching a common market in oil and refined products in 2025 (e.g. raising the ceiling on gasoline and diesel prices).

Will Kazakh oil production continue to grow in 2050?

S&P Global base case is for Kazakh oil production to continue growing only through mid-2020s, after which a slow but steady decline sets in, leaving national liquids output roughly 14% lower in 2050 than in 2022.

Why is Kazakhstan's crude oil production declining?

Tightening of Kazakhstan’s crude oil balance as aggregate production declines while domestic demand continues to rise. The production decline is likely to be initially concentrated in various legacy KMG fields that have traditionally been a mainstay of Kazakh refinery feedstock supply.