September 2010|1 - KazEnergy

ECONOmy
|8
KazaKhST N’S
ECONOmiC
SuCCESS
The role of KazaKhsTan in mainTaining global energy securiTy consTanTly grows.
This is exTremely imporTanT, TaKing inTo consideraTion The facT ThaT energy becomes
a more and more crucial facTor in The global geopoliTical balance.
Along with the search for an effective
response to traditional and new challenges to international
stability, the significance of the security of the global energy
balance has grown immensely in the new century. Energy resources
have a key significance in improving living standards
and widening opportunities globally.
That is why the securing of effective, sustainable and ecologically
safe energy supplies at prices which reflect the fundamental
market economy principles is considered to be one of the
most important challenges for the world community.
As risks accumulate in supplying an ever-growing world energy
demand, the international system is straining to meet the
demands of new players in the global oil and gas game, as well
as deal with old issues such as energy security and resource
nationalism, and new issues like climate change and energy
equity.
The oil and gas industry has always been about risk taking
and risk management. The challenge of the 21st century is to
pursue a pathway that allows nations to cooperate in meeting