BAKU, Azerbaijan, June 24. Kazakhstan is fully
prepared to act as a reliable partner and a guarantor of energy
supply for the European Union, specifically across the critical raw
materials sector, President Kassym-Jomart Tokayev said during the
"Kazakhstan – EU" roundtable in Brussels, the press service of the
Kazakh president says.
Highlighting the extensive resource capacity available for
European supply chains, Tokayev proposed a structured, value-added
framework to advance bilateral industrial cooperation.
He stated that Kazakhstan is ready to supply 21 out of the 34
minerals included in the EU's list of critical raw materials. To
maximize this potential, the President proposed an off-take
cooperation model aimed at developing domestic processing and
high-value manufacturing, which would ultimately lead to the
creation of a Regional Research Center for Rare Earth Metals.
"In the end, we offer our partners a pragmatic formula:
'investments and technologies in exchange for access to strategic
resources' in full compliance with European standards," Tokayev
said.
The President noted that while the country remains committed to
the global green energy transition by developing green hydrogen
projects and utilizing vast untapped reserves of lithium, nickel,
vanadium, and cobalt, it also maintains its foundational position
in global nuclear and traditional energy markets.
"As you know, our country is the world's largest producer of
uranium, providing about 40% of global demand. Along with
significant reserves of oil, gas, and coal, we are actively
developing green hydrogen projects," the President added.
Turning to traditional energy security, Tokayev emphasized that
Kazakh crude oil accounted for nearly 13% of the European market
over the past year. He reaffirmed Astana's unwavering commitment to
expanding these supplies, noting that ensuring the stable and
reliable operation of the Caspian Pipeline Consortium remains a
critical strategic priority.
