Oil and gas production in Kazakhstan are both increasing
from onshore and offshore regions, especially in the North Caspian
Here foreign technology has kick-started the development of high sulphur
and offshore fields. These especially include the Karachaganak gas
condensate field near the western Russian border, the Tengiz field due
north of the Caspian Sea and the future delayed Kashagan field in
shallow waters of the Caspian Sea.
The country is also better able to exploit its oil and gas reserves as
new pipeline systems are introduced.
oil consumption will increase despite dipping in 2007 and 2008. Most of
its oil is exported and exports are growing rapidly.
Kazakhstani gas consumption will also increase rapidly after a dip as
the country develops its indigenous gas infrastructure. Meanwhile net
gas exports have commenced, initially into Russia but eventually gas
will be moved directly southwards and eastwards.