Development of a gas processing industry for Kazakhstan
Development of a gas processing industry for Kazakhstan
Kazakhstan has enormous reserves of natural resources such as oil, gas, minerals.
There is a large amount of raw sour gas from oil production facilities in Kazakhstan and most of them is being reinjected into the soil. Although, it can be transformed into methane and by doing so can add to the local supply of gas and contributing to improving the environment.
However, most of its natural resources are exported as commodities, not yet processed locally. There are still too few oil refineries and gas processing facilities in the country. Major projects are needed in Kazakhstan to help develop the local chemical industry based on natural gas, as a logical transition from coal to renewables.
The development of the local gas processing industry will help to make efforts to adapt to climate change and reduce greenhouse gas (GHG) emissions, as well as to diversify the economy.
The transition to net-zero emissions is set by 2060 within so-called Carbon Neutrality Doctrine. By 2050, Kazakhstan is planning to have an energy mix comprising of 50% share from renewables, while having a share of gas up to 25%. As set in Paris Agreement 2015, the country targets to reduce the GHG emissions by 15% by 2030.
Moreover, Kazakhstan has also introduced new Ecological code, which specifies carbon budgeting, carbon quote and regulations.