Oil and gas companies of Canada have noted the great potential in joint projects in Kazakhstan
Calgary (Canada), 19 September 2023 – For the purpose of implementing the provisions of the State-of-the Nation Address of the President Kassym-Jomart Tokayev on September 1st, 2023, the Embassy of Kazakhstan in Canada hosted the first Kazakhstan-Canadian Roundtable dedicated to the cooperation in the energy sector in Calgary - Canada’s capital of oil and gas industry.
The event was coincided with Kazakhstan delegation's participation, headed by the Minister of Energy A.Satkaliyev, in the 24th World Petroleum Congress in Calgary.
Within the meeting with business, A.Satkaliyev presented a detailed view of further development of the energy sector in Kazakhstan and also answered questions from participants. The recent initiatives of President Tokayev in renewable energy development, gasification of the country, introduction of ESG principles as well as Kazakhstan's approaches to transition to carbon neutrality were of special interest.
In their statements, Senior Vice-President of Cameco Corporation S.Quinn, Global Director of Hatch M.Price and President of Condor Energies D.Strue have noted that Kazakhstan's energy potential has not been fully unlocked and Canadian companies with significant experience and advanced technologies can contribute to this process.
Following the results of the meeting, the practical agreements were reached on establishment of interregional ties and on arranging exchange visits between energy companies of Kazakhstan and Canada in 2024.
In addition, on the margins of the Congress Kazakhstan’s minister held bilateral meetings with energy ministers of other countries, members of governments of Canadian provinces of Alberta, Newfoundland and Labrador as well as with several leaders of large World companies to discuss promising projects in Kazakhstan.