Kaztransgaz begins development of Amangeldy gas field

Apr 16, 2001 02:00 AM

Kazakhstan's state-owned Kaztransgaz has said it has started development of the Amangeldy gas field in the south of the country to supply domestic customers. The field holds gas reserves estimated at 48-50 bn cm. Kaztransgaz plans to begin with annual output of 700 mm cm in 2003 and continuing at that rate until 2015, when production would fall to 300 mm cmpy.

The Kazak government will invest $ 50 mm over the next three years in the project, with $ 18 mm of that sum spent this year on a geological survey and seismic prospecting, a spokesman said. The project foresees the construction of a $ 34 mm gas pipeline linking Amangeldy with a major gas pipeline network. Southern Kazakhstan has an annual gas demand of about 1.5 bn cm, currently met by gas imports from Uzbekistan.

Source: Dow Jones via Energy24
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