• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Alt Text

Can India Overtake China In The EV Revolution?

India wants to drastically increase…

Alt Text

Chinese EV Boom Could Crash Oil Prices

Most oil majors acknowledge that…

Alt Text

Is Hydrogen Fuel As Dumb As Musk Thinks?

Hydrogen fuel cells have been…

RFE/RL staff

RFE/RL staff

RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many…

More Info

Kazakhstan Will Not Invest in Renewables Until they Become More Competitive

Kazakhstan Will Not Invest in Renewables Until they Become More Competitive

Kazakhstan’s oil and gas industry said the country will have to wait until alternative sources of energy become competitive economically before the energy industry seriously considers it.

In a statement from Kazenergy, an association of oil, gas and energy organizations and companies in Kazakhstan, the group said it was ruling out the adoption of alternative energy methods for now, quoting its chairman Timur A. Kulibayev in a press release.

"It's very fashionable these days to talk about alternative energy," Mr. Kulibayev was quoted as saying. "We would look for alternative energy once its cost of production becomes lower and feasible."

Mr. Kulibayev said they will wait until the alternative energy sector becomes “more financially affordable” before developing the country’s renewable energy resources.

Kazenergy has not been quiet about its views on greenhouse gas emissions. Back in June, the group issued a statement urging the national government to adjust the basis for its allocation of emission quotas for 2013, which was set at 2010.

"If we limit ourselves within the framework of 2010 indicators, the implementation of many other large projects will be under the threat of failure,” the association then said.

Related Article: Why we Need to Implement an Energy Transition - Quickly

According to the obligations of membership in Kyoto Protocol, Kazakhstan is obliged under the Kyoto Protocol to reduce greenhouse gas emissions from a 1992 baseline by 15 percent till 2020, and by 25 percent till 2050.

Currently, the country is aiming to meet 10 percent of its energy demand through alternative energy.

Rich resource

Kazenergy itself admits that the country’s topography and terrain is perfect to become a major producer of wind and solar energy. “It not only has gorges acting as wind tunnels but the southeast part of country also gets over 300 sunny days in a year,” it said in the statement.

But for now, the group is prioritizing the development of the oil, gas and coal sectors. The recent statement itself was projected to be a boon for foreign investors lining up to put money on the traditional energy sectors.

“Kazakhstan's 80 percent of power generation is generated by coal. The nation is home to one of the largest coal reserves the world. The second largest oil producer [among the former Soviet states] after Russia is looking at immediate financial goals than long term environment goals.”

Related Article: Renewable Energy Must Look to Natural Gas for Guidance

But Kazakhstan’s Minister of Environment Protection Nurlan Kapparov, during the Rio+20 summit, said the country has enormous potential for energy saving and developing renewable sources.

“Kazakhstan believes that there is no alternative to a green economy. Economic development is a priority for all countries, but it must not destroy the ecosystem and undermine the natural basis of life on Earth. We must take all measures we can to create the conditions needed to pursue a model of sustainable development at all levels,” the minister said.

To date, alternative sources in Kazakhstan remain untapped and underdeveloped, accounting for only 1 percent of the country’s energy balance, according to the United Nations.

“Immense opportunities exist in central Asia, and particularly in Kazakhstan, that can help address energy and climate issues,” said Kandeh Yumkella, director general of the U.N. Industrial Development Organization.

By. Catherine Dominguez of RFE/RL




Back to homepage


Leave a comment
  • SA Kiteman on November 14 2012 said:
    Hey now, a country that has leadership with brains.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News