Qatar-based UCC Holding’s investments in constructing gas processing plants (GPPs) at Kashagan are expected to lead to higher commodity gas prices in Kazakhstan by the time construction is completed, according to Nurlan Baibazarov, deputy prime minister and minister of national economy of Kazakhstan.
This issue was raised during a session of the Mazhilis, the lower house of Kazakhstan’s parliament while considering a draft law to ratify the agreement between the governments of Kazakhstan and Qatar on establishing a long-term strategic partnership in priority sectors. Member of Parliament (MP) Mukash Iskandirov asked Baibazarov how ready consumers would be for the gas...