Kazakhstan to increase gas production by 6.7 billion cubic meters per year
As noted, these measures will ensure the development of deposits with total reserves of 93.6 billion cubic meters.
Energy Minister Bolat Akchulakov spoke at the CCS about the prospects for gas production in the country, El.kz reports.
"To date, a package of legislative changes has been prepared to introduce the mechanism of the Improved Model Contract for Subsoil Use, including for gas projects. Thus, regulatory and fiscal preferences in the form of tax exemptions are provided.
At the same time, work is underway to develop a stimulating gas price for gas projects. Relevant amendments to the legislation will be adopted by the end of this year," the minister said.
According to him, these measures will ensure the development of gas fields with total gas reserves in the amount of about 93.6 billion m3 and additional production of commercial gas by 2030 in the amount of 6.7 billion m3 per year.
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