Kazakhstan’s Ministry of Energy announced that plans to build a gas processing plant (GPP) at the Karachaganak field have been shelved after talks with foreign investors collapsed over financial terms. The government declined conditions proposed by the consortium, led by Eni and Shell, which included a demand for an additional $1 billion on top of construction costs, according to Kazinform.
«Extensive negotiations have been held for two years on the Karachaganak GPP project, which was designed with a capacity of 4 billion cubic meters of gas per year. Kazakhstan provided comprehensive support for the...