Kazakhstan Oil & Gas Report Q3 2014: New research report available at Fast Market Research

Keeping in mind large underground potential, w e maintain our optimistic outlook for Kazakhstan . However, we continue to underline risks related to resource nationalism and geological complications on major prospects that could deter foreign investors. Kazakhstan's choice to block the sale of ConocoPhillips' Kashagan stake in order to allocate it to CNPC illustrates the uncertainty of the business environment that surround s the country.

The main trends and developments we highlight for Kazakhstan's oil and gas sector are:

* Kazakhstan has been strengthening its trading ties with China. The decision to prioritise China National Petroleum Corporation (CNCP) over India's Oil and Natural Gas Corporation (ONGC) for the acquisition of ConocoPhillips' Kashagan stake supports the view that Kazakhstan is supporting a stronger integration with China. In addition, China's Sinopec bought Lukoil's 50% stake in Kazakh based Caspian Investment Resources, for a value of around USD1.2bn and become the sole owner of the company. This recent purchase further highlighted the push by China to strengthen its position in Kazakhstan in order to secure energy resources to meet rising domestic demand.
* We forecast that the estimated 2013 gas output of 11.2bn cubic metres (bcm) will rise to 15.2bcm by the end of 2017. Infrastructure bottlenecks and delays to key decisions with regard to associated gas have forced us to moderate our assumptions. The country's exports are also declining. Our demand forecasts see consumption reaching 15.6bcm in 2017, creating increasing risk that the country might have to rely on imports, if only on a temporary but regular basis.
* Production at Kashagan started in September 2013, but had to be halted twice during the first months of operation due to a gas leak. An investigation into the production challenges experienced in Kashagan determined that the two 55-mile long offshore pipeline sections will need to be replaced. In...

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The Kazakhstan Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Kazakhstan including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Kazakhstan Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Kazakhstani oil and gas industry.

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