Energy Issues Were Discussed by Members of the Working Group of Kazakhstan and Canada

Energy Issues Were Discussed by Members of the Working Group of Kazakhstan and Canada

On September 27, 2022, a meeting of the working group on energy of the Kazakh-Canadian Business Council (KCBC) was held. Fifty registered participants received information from the declared experts on new technologies and initiatives in the energy sector.

According to the co-chairman of the working group on energy of the KCBC from the Canadian side, the managing director of Condor Energies Inc. Norman Storm, Kazakhstan, with its rich resources, minerals and energy sources, now has a great opportunity to strengthen its position in the energy industry due to the current situation in the region.

Zhandos Temirgali, Deputy Chairman of the Board of KAZAKH INVEST, the Co-Chairman of the working group on energy of KCBC from the Kazakh side, reminded the participants that the modernization of the energy sector for Kazakhstan is of strategic importance. Widespread adoption of "green" and energy efficient technologies is the main tool to achieve Kazakhstan's long-term goal of carbon neutrality by 2060. Therefore, the achievement of this ambitious goal will require significant structural changes in the country's industry and economy.

“We look forward to expanding cooperation with Canadian companies in this area. Our countries have a lot in common, including geography and climate, a multicultural society and, very importantly, the structure of the economy. Today, Kazakhstan is Canada's largest trade and investment partner in Central Asia. In fact, over the past 5 years, FDI from Canada to Kazakhstan has reached $920 million. Last year alone, Canada invested more than $385 million,” Zhandos Temirgali emphasized.

Also, at the meeting of the working group of the KCBC, Mukhtar Mankeev, General Director of JSC "Information and Analytical Center for Oil and Gas" of the Ministry of Energy of the Republic of Kazakhstan, gave an overview of the oil and gas industry of Kazakhstan. Mario Krpan, Director of Trade (Europe and Central Asia) of the Ministry of Employment, Economic Affairs and Innovation of the Government of Alberta, concluded the first session "Development of the oil and gas industry in a period of global geopolitical changes" with the theme "The future of oil and gas development - in terms of geopolitical and energy transition".

Mark Taylor, CEO of Taylor Energy Advisors, spoke at the second session with the theme “Energy Policy and Regulation: Alberta's Perspective”. Saltanat Kamesheva, Deputy Director of the Department of Gas and Petrochemicals of the Ministry of Energy of the Republic of Kazakhstan, spoke about the development of petrochemical and gas chemical industries in Kazakhstan. Also, the President and CEO of Condor Energies Inc. Don Strue shared information about the initiation of the production of liquefied natural gas (LNG) in Kazakhstan.

The work of the third session on environmental protection with the topic "Best available techniques in the oil and gas industry" was opened by the head of the reference books on the best available techniques: "Oil and gas production", "Oil and gas processing" NJSC "International Center for Green Technologies and Projects" Temirbek Almagzhanov. The requirements for Kazakhstan to achieve the level of Oil and Gas Methane Partnership (OGMP) 2.0 were outlined by the representative of Carbon Connect International Darcy Spady. Reports were also heard from Chief Executive Officer of Nelson Environment Daryll Nelson (Application of thermal absorption technology), Managing Director of Environmental Regulation of KAZENERGY Association Askar Yementaev (ESG in the oil and gas industry), Director of Black Powder Solutions Miroslav Gojak (Magnetic separator technology. A revolutionary product proven in practice) and Master Flo Valve Account Manager John Little on "Using Smart Technologies to Reduce Flaring".

We remind you that the plenary meeting of the KCBC is planned for the third decade of November 2022 in a face-to-face format in Astana. More than 100 companies with Canadian capital are registered in Kazakhstan.

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