Page 14 - FSUOGM Week 30 2021

FSUOGM NEWS IN BRIEF FSUOGM

overcoming the most acute challenges faced position, taking the penultimate place in projects in Kazakhstan.
at the national level, providing charitable the ranking of CIS countries. In Armenia
aid to military units of the Armed Forces you can buy only 309 litres of gasoline for
of Ukraine involved in the Joint Forces an average salary, and the situation is worse Kazakhstan to decrease
Operations, mitigating the impact of the only in Tajikistan, with 167 litres..
COVID-19 pandemic, and implementing LPG exports in 2022
social infrastructure projects.
The United Nations Global Compact Kazakhstan and Eni to Kazakhstan will export less liquefied
is a voluntary initiative based on CEO petroleum gas (LPG) in 2022 to free up
commitments to implement universal develop alternative energy supply for its expanding petrochemical
sustainability principles and to undertake industry, Reuters reported, citing a national
partnerships in support of UN goals, sources plan for developing the petrochemical
stating ten principles in the areas of human sector and the energy ministry.
rights, labour, the environment and anti- The parties discussed issues of increasing Kazakhstan is attempting to diversify its
corruption. Participants included over and maintaining the level of oil and main commodities offerings by boosting
13,500 businesses and other organizations condensate production at the Kashagan and output and exports of value-added products
in over 162 countries as of July 2021. Karachaganak fields, as well as developing in the hydrocarbon sector. The country
renewable energy projects in Kazakhstan. will find itself in need of additional
NAFTOGAZ (UKRAINE) Prime Minister Askar Mamin stressed volumes of LPG after commissioning
that Eni is an important investment partner Kazakhstan Petrochemical Industries' (KPI)
of Kazakhstan, noting the company's polypropylene-producing plant in early
CENTRAL ASIA & SOUTH contribution to the development of the 2022. Chevron-led Tengizchevroil (TCO)
Karachaganak and Kashagan fields, as well is set to supply the plant with propane,
CAUCASUS as to the exploration work at the Isatay and an LPG product, purchased from Turkey,
Abay fields. Eastern Europe and Asia. TCO produced
Armenia reports highest to energy transition and decarbonization 1.482mn tonnes of LPG in 2020 and
Eni makes a significant contribution
exported 1.351mn tonnes, according to
rise in gasoline prices in projects in Kazakhstan. trading data from Refinitiv.
"The volumes of liquefied petroleum gas
Within the framework of this direction,
Europe; Tajikistan highest a number of joint projects are being exports will decline in 2022 in line with the
propane volumes which TCO supplies to
implemented.
rise overall being implemented to build a 100 MW the petrochemical complex," Reuters quoted
So, in the Aktobe region, a project is
the Kazakh Energy Ministry as saying in
Armenia ranks first among European wind farm, and in the Turkistan region, the emailed comments.
countries in terms of the biggest jump in construction of a 50 MW solar power plant
gasoline prices, according to new analysis. is nearing completion. Kazakhstan's LPG requirements are
Among European countries, the greatest A number of documents were signed in likely to increase rapidly next year to
rise in gasoline prices in the first half of the presence of the Head of Government. 717,400 tonnes from the projection of
2021 was recorded in Armenia, where KazMunayGas and Eni signed 102,400 tonnes for this year. At the same
prices increased by 22.8%. Neighbouring memorandums of cooperation in the time, Kazakhstan’s total LPG production is
Georgia ranks second with a 17.4% hike, development of energy transition projects seen as broadly stable at 3-3.2mn tonnes.
while Ukraine comes in third with 13.7%. for the production and sale of electricity
The most significant jump in prices and on the development of agricultural and
overall was observed in Tajikistan – 30.1%. hydrogen projects in Kazakhstan.
The specialists also analysed how many The Ministry of Ecology, Geology and
litres of gasoline can be purchased for an Natural Resources, Kazgeology and Eni
average wage, and Armenia again found signed a memorandum of cooperation on
itself in a not particularly favourable the joint implementation of subsoil use

P14 www. NEWSBASE .com Week 30 28•July•2021