Baltic Alliance Sees Opportunities for Expanded Cooperation with KazMunayGas
Kazakhstan hopes to expand cooperation with Baltic Alliance in the gas sector, the Deputy Director General for Production at KMG-Karachaganak, Andrey Kan, told Trend. He made the remark on the sidelines of the SPE 2025 Caspian Technical Conference in Baku. We highly appreciate the cooperation between Baltic Alliance and our national company KazMunayGas," Kan said. According to him, Baltic Alliance is interested in exploration projects in Kazakhstan.
I also believe that we have good prospects for cooperation, including in gas production and gas chemistry. Closer cooperation between Kazakhstan and Baltic Alliance will help us to be stronger in the global market," he concluded.
In 2022, KazMunayGas and Baltic Alliance signed an agreement on the transit of Kazakh oil. Meanwhile, in 2024, KazMunayGas and Baltic Alliance reached an agreement on a phased increase in oil transit through Latvia.
KazMunayGas, the national oil and gas company of Kazakhstan, serves as the state's representative in the sector, overseeing activities related to the exploration, extraction, refining, and transportation of hydrocarbons. Established in 2002, the company integrates a network of over 190 affiliated organizations
The ownership structure of KazMunayGas is comprised of the Samruk-Kazyna National Wealth Fund, which holds a 90 percent stake, and the National Bank of the Republic of Kazakhstan, which owns the remaining 10 percent.