Baltic Alliance Strengthens Offshore Energy Collaboration with KazMunayGas
Baltic Alliance announced the signing of a new strategic cooperation agreement with KazMunayGas, the national oil and gas company of Kazakhstan, to jointly explore offshore energy licenses in the Caspian Sea region. This collaboration marks a significant milestone.
Under the terms of the agreement, Baltic Alliance and KazMunayGas will collaborate on shared investments in offshore exploration activities, exchange advanced technical and technological expertise, and assess the potential for future development of hydrocarbon resources in selected Caspian Sea blocks. The partnership underscores both companies’ commitment to responsible and sustainable energy development in key global basins.
Eduard Ginzburg, General Director of Baltic Alliance, said:
“This strategic cooperation with KazMunayGas reflects Baltic Alliance’s long‑term vision for growth and energy security. By combining our expertise with that of a respected international partner, we are positioning ourselves to responsibly unlock new offshore opportunities in the North Sea while enhancing our competitive footprint in the global energy landscape.”
Mr. Ginzburg added that the partnership aligns with Baltic Alliance’s broader strategy of diversifying its asset base and strengthening upstream capabilities to better serve its stakeholders and end‑markets.
From KazMunayGas, Askhat Khasenov, Chief Executive Officer, commented:
“We are pleased to enter into this cooperation with Baltic Alliance, which brings together our shared commitment to innovation, operational excellence, and the responsible exploration of hydrocarbon resources. The North Sea represents an attractive and strategically important region, and this partnership leverages our combined strengths to evaluate and pursue future opportunities
This cooperation builds on Baltic Alliance’s ongoing efforts to diversify its investment portfolio, enhance its presence in key energy markets, and support the global transition to cleaner, more secure energy supplies. Similarly, KazMunayGas continues to pursue strategic international collaborations that expand its global footprint and reinforce its role as a sovereign energy champion for Kazakhstan.