ASTANA, Kazakhstan, January 26. Kazakhstan’s
national oil and gas company, KazMunayGas, and China’s CITIC
Construction discussed the progress and further steps of the
Karachaganak gas processing plant project, including preparations
for the development of project documentation,
Trend reports via KazMunayGas.
The issue was discussed during a meeting in Astana between
Chairman of the Board of KazMunayGas, Askhat Khassenov, and
Chairman of the Board of Directors of CITIC Construction Co., Ltd.,
Yan Jianqiang.
The meeting also addressed the potential involvement of CITIC
Construction in other gas projects in Kazakhstan. Khasenov
highlighted the importance of strengthening mutually beneficial
cooperation with Chinese companies, noting that the CITIC Group is
a long-standing strategic partner of KazMunayGas with extensive
experience in implementing large-scale projects.
The Karachaganak Gas Processing Plant (KGP) project is a
significant $3.2–$6 billion investment in West Kazakhstan, aimed at
processing 4-4.5 billion cubic meters of natural gas annually from
the Karachaganak field. Set for completion around 2029, the project
focuses on maximizing gas monetization, enhancing domestic energy
supply, and reducing reliance on Russian processing.
It is located near the existing Karachaganak Processing Complex
and is operated by a consortium led by Karachaganak Petroleum
Operating B.V. Major contracts include engineering and construction
by Hyundai Engineering Co. and Sicim, with the strategic goal of
boosting value-added gas processing in Kazakhstan.
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