Session of SAMRUK-KAZYNA at the World Energy Week / KAZENERGY XIV EURASIAN FORUM

Session of SAMRUK-KAZYNA at the World Energy Week / KAZENERGY XIV EURASIAN FORUM

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06 October 2021

Samruk-Kazyna co-organized the panel session “Carbon neutrality and energy for the benefit of humanity: new opportunities for Kazakhstan” within the framework of the XIV KAZENERGY EURASIAN FORUM and World Energy Week.

An international event for the first time is in Central Asia. The organizer from the Kazakh side is the KAZENERGY Association, which is simultaneously hosting the XIVth Eurasian Energy Forum.

The occasion focused on the decarbonization of energy. Samruk-Kazyna is drafting a low-carbon development concept, which defines the energy transition vision for all the Fund's subsidiary companies.

Samruk-Kazyna is a co-organizer panel session on "Carbon neutrality and the energy for better life: new opportunities for Kazakhstan” in the framework of the World Energy Week.

The international event is held in Central Asia for the first time. The organizer from the Kazakh side is the KAZENERGY Association, which is simultaneously hosting the XIV Eurasian Energy Forum.

The occasion focused on the decarbonization of energy. Samruk-Kazyna is drafting a low-carbon development concept, which defines the energy transition vision for all the Fund's subsidiary companies.

This event gathered together the representatives of the largest Kazakhstani and international companies and institutions – JSC NC KazMunayGas, MASDAR, Air Products, Shell Kazakhstan B.V., Exxon Mobil Kazakhstan Inc and Asian Development Bank to participate in the discussion.

The speakers discussed promising areas and projects for developing renewable energy sources, hydrogen energy, joint initiatives introducing carbon capture and storage technologies, and green financing tools.

As noted by Yernat Berdigulov, Samruk-Kazyna Co-Manager for Strategy, Sustainable Development, and Digital Transformation: “Samruk-Kazyna sets a strategic goal - to reduce greenhouse gas emissions by 10% in the next ten years, and its implementation will require the integrated approach. It does not just promote the projects for the development of renewable energy, hydrogen, carbon capture, and storage technology, but also digitalization of this process, development of new financing tools, and the important aspect is the promotion of a culture of environmental friendliness and respect for the environment”.

Mohammad Abdelkader el-Ramahi, Director of Asset Management and Technical Services at MASDAR, said: “MASDAR operates in 30 countries worldwide, and implements projects in Uzbekistan, Azerbaijan, and Armenia in the CIS. As for Kazakhstan, wind energy seems to be the most promising area of cooperation. Moreover, interesting opportunities are opening up both for the construction of wind turbines in locations with high wind strength and speed, and for the installation of coastal wind farms in the Caspian Sea”.

According to Dinesh J. Sivasambu, the Managing Director of Exxon Mobil Kazakhstan, “Natural gas may become another key stimulating factor for Kazakhstan’s transition to modern methods of energy production. As part of the work on decarbonization, it is essential to realize and use the potential of natural gas as a fuel “bridge” in the transition from a traditional to a cleaner green economy through the implementation of reforms in the gas sector.”

In conclusion, the session participants emphasized that close cooperation and interaction between states, transnational companies, expert circles, and civil society is necessary to solve the global climate agenda problems effectively.