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News 2023

KMG

About 100 million euro of investments in oil and gas processing projects is going to be attracted by the KazMunayGas national company (KMG). On November 29, KMG and Air Liquide Eastern Europe S.A signed a cooperation agreement during the official visit of the President of Kazakhstan, Kassym-Zhomart Tokayev, to France, citing the company's press service. Thus, a project will be prepared for the construction of a new hydrogen production unit at the Pavlodar petrochemical plant to produce winter diesel fuel in the amount of 160 thousand tonnes per year on the basis of the joint venture Air Liquide Munai Tech Gases (ALMTG). This will increase the depth of processing from 84.2% to 88.3%. The estimated cost of the project is 60 million euro.

On the basis of the gas chemical complex for the production of polyethylene in the Atyrau region, it is planned to build an installation for the production of technical gases. The estimated investment amount will be about 40 million euro.

The parties also signed a memorandum of understanding on decarbonisation issues: it is planned to reduce CO2 emissions at ALMTG by 33% by 2035 compared to 2020 and achieve carbon neutrality by 2050. It is noted that ALMTG in Kazakhstan will seek to purchase electricity from renewable sources to the maximum extent. “Air Liquide is our long-term partner, cooperation with which is based on successful experience at three plants of KazMunayGas. We have implemented 5 projects, signed long-term contracts for up to 20 years for the supply of hydrogen and nitrogen. The documents that we signed today give impetus to the further fruitful implementation of all joint projects. We believe that the measures taken to improve the energy efficiency of Air Liquide units will reduce operating costs and, accordingly, the price of technical gases,” said Magzum Mirzagaliyev, head of KMG.

Between Samruk-Kazyna, KMG and Total Eren S.A. an agreement was signed on the basic conditions for the construction of a wind farm (1 GW) with an electricity storage system of 300 MW/600 MWh. The agreement defines the main conditions for creating a joint venture between the parties, such as participation shares, terms and form of the transaction, sources of financing, etc. According to the agreements, 60% of the capital structure is owned by Total Energies and 20% each by Samruk-Kazyna and KMG. The expected date for putting the station into operation is the fourth quarter of 2025.