facebook
twitter
rss
account
search
search
 

Gazprom reviews Kazakh gas potential

March 20, 2013 at 8:41 AM   |   Comments

MOSCOW, March 20 (UPI) -- Russian energy company Gazprom said it wants to work with the Kazakh government to help exploit its natural gas resources.

Gazprom estimates that explored natural gas reserves in Kazakhstan are around 116 trillion cubic feet. When considering offshore reserve potential in the Caspian Sea, that estimate tops 280 trillion cubic feet of natural gas.

Gazprom Chairman Alexei Miller hosted Kazakh Oil and Gas Minister Sauat Mynbayev at his Moscow office to discuss opportunities for bilateral collaboration.

"The parties discussed prospects for bilateral cooperation in the energy sector, including the implementation of joint projects in hydrocarbon exploration, production, processing and marketing," a company statement read.

Mynbayev in February said Astana was looking for new partners to develop its territorial waters.

Kazakhstan is the second-largest oil producer among former members of the Soviet Union. The Abay field is said to hold at least 2 billion barrels of oil. Much of the country's natural gas reserves are associated with oil.

Gazprom, through its joint venture KazRosGaz, purchases and processes natural gas for domestic and international sales.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Northrop Grumman developing reusable space plane for lifting spacecraft into orbit
2
Iran wants to develop mini-LNG plants
3
Navy to test Lockheed Martin's FORTIS exoskeleton
4
Slovakia plants seed in Ukrainian gas sector
5
Twitter to remove pictures of deceased on family's request
Trending News
Video
x
Feedback