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Kazakhstan Faces Up to Low-Carbon Era

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Kazakhstan, once a magnet for Western majors eager to invest heavily in offshore oil and gas developments, is battling to stay relevant in the new low-carbon era. While the three giant fields of Tengiz, Kashagan and Karachaganak will continue to make up the bulk of its oil and gas production for years to come, the Kazakh government is shifting its focus to renewables. A recent tie-up between national oil company Kazmunaigas and Eni to pursue a range of wind, solar and hydrogen projects across the country points to the way forward, and this model could be copied by some of the other majors. Eni, which played a central role in Kazakhstan’s evolution as a major oil producer, believes the country has huge potential in renewables and has already invested in wind projects that the Kazakhs put out to tender several years ago.

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