On March 26, Chairman of the Board of KazMunayGas (KMG) Magzum Mirzagaliyev held a meeting with the Eni delegation led by Natural Resource Upstream Director Luca Vignati, QazMonitor reports citing the press service of KMG.
Hybrid power plant: The parties discussed the progress of the hybrid power plant construction project in Zhanaozen. Currently, KMG and Eni are completing all the necessary work to begin the project.
“Allow me to extend my gratitude to Eni for working together and sharing experience within this strategic project in the field of energy transition. We look forward to further fruitful cooperation in this area,” said Mirzagaliyev.
Background: On January 18, 2024, in Rome, the parties signed a Joint Confirmation agreement on the implementation of the hybrid power plant construction project in Zhanaozen, Mangystau region. The project provides for the construction of a wind power plant (77 MW) and solar power plant (50 MW) in collaboration with Eni’s subsidiary Plenitude, and a 120 MW gas power plant in Zhanaozen for supplying stable electricity to KMG's industrial facilities in the region.
Abay, Kashagan, and Karachaganak: The heads of KMG and Eni focused on preparations for drilling the first exploratory well at the Abay block in the Caspian Sea and the implementation of further stages of development of the Kashagan and Karachaganak fields, taking into account the priority of increasing commercial gas production.
The parties noted the successful experience of exporting Karachaganak oil through the Transneft system to German refineries. It is expected that transportation of oil from the Karachaganak field along this route will continue in 2024.