Prospects of energy storage products in Almaty Kazakhstan

Should Kazakhstan adopt an energy security strategy?

Global trend of tightening carbon regulation presents yet another impetus for broader modernization and systemic reforms of energy sector in Kazakhstan. Kazakhstan should articulate and adopt an official Energy Security Strategy document, guided by these general observations.

Why is diesel a major product in Kazakhstan?

Diesel is the single largest component (product) in Kazakhstan’s refinery slate and in its domestic consumption balance; widely consumed within Kazakhstan, diesel is used across many economic sectors, while transportation (trucking) is the single largest consumer. Kazakhstan remained a (small) net importer of diesel each year during 2016-22.

Will Kazakhstan continue to resist market forces in 2025?

The pending launch of the EAEU common market in oil and oil products in 2025 means that it will be difficult for Kazakhstan to continue to resist the pull of market forces, and its domestic prices will eventually be pushed or pulled into parity with its neighbors.

What will Kazakhstan's oil production look like in 2024-25?

“Big 3” remain key drivers of overall trajectory (rather than Kazakhstan’s OPEC+ quota); their share of total Kazakh oil output is expected to rise from around 63% in 2022 to a maximum of 71% in 2030, but then drift down to 60% by 2050. Tengiz: Future Growth Project is main source of Kazakhstan’s incremental oil production during 2024-25.