№ 5 (49), 2011 - KazEnergy

kazenergy forumIn 2009 a widedebate wasprovoked byappearance ofex-ChancellorGerhardSchroeder on gasissue.ropean Asian companies operate using thelatest technology." - noted Kulibayev in oneof his speeches.On the second day the participants werediscussing the tragedy at Fukusima-1, anuclear power station, those precautions,which the world's energy community shouldlearn from a stern lesson. Delegates alsotalked about the development of the nuclearindustry, the possibility of energy transportto Europe from renewable sources and muchmore. The special role of the Forum wasassigned to the environmental issues, thesearch for technological solutions of environmentalprotection, as well as those innovationsthat are the participating enterpriseshave developed under their environmentallyfriendly programs, including the importantplace given to the local content in the industrialareas.Traditionally, in the framework of the Forumserious disputes arise, information extremelyimportant for the business worldcommunity is sounded especially due to themoderators and speakers. For example, in2009, a wide debate was provoked by appearanceof ex-Chancellor Gerhard Schroeder ongas issue. As for present IV Forum the onlyname of the co-host arouse interest to theevent have becoming a breaking news forthe international mass media. Larry King -a world famous journalist, the master of livingand contensive interview, together withthe Chairman of the KAZENERGY Association,Timur Kulibayev co-moderated the sectiondevoted to energy geopolitics of Eurasia,Challenges and New Horizons. Karim Massimov–Kazakhstani Prime Minister, as wellas EU Energy Commissioner, Günther Oettingerappeared as main spokesmen. Concerningthe sore problem, "the issue of theCaspian", the President of the World PetroleumCouncil, Randall Gossen, an expert onenergy security, Platts, John Roberts, SeniorAdviser to the Special Envoy for EurasianEnergy (U.S. Department of State), DanielStein, president of the National CompanyKazMunayGas, Kairgeldy Kabyldin, andothers presented their views. To the topic ofinvesting, which is against of financial instabilityand political transformation of theworld is particularly relevant this year wasgiven a separate plenary session "New horizonsfor oil and gas industry: investing ininnovation and new technologies". As a moderatorfor this part, Euronews journalist,international standards." It was also statedthat the oil and gas companies should sharegeological information considered confidentialregarding the national sector of the CaspianSea in order to avoid future failures in drillingexploratory wells on the shelf. This opinionwas stated by the President of MeridianPetroleum, LLP, Baltabek Kuandykov. "Allparticipants in petroleum operations needexchange of geological information obtainedin each national sector and in the whole basin.It is time to review the list of confidentialgeological information," - said Mr. Kuandykov.His initiative was strongly supported by theparticipants.The participants again raised the topic ofKashagan, Karim Massimov and Kulibayevvoiced clear predictions. "As a result ofcomplex negotiations with all parties of theConsortium, the Government substantiallyincreased the state share in the project, upto 16.83 percent, and in addition, our countrywill receive compensation for changes in thetiming of its implementation. By October25, all legal formalities to be completed," -said the Prime Minister. A little later, duringa special press conference, the Chairmanof the Kazenergy Association added to thePrime Minister\s words. He commentedon the completion date of the Kashaganproject. "October 2013 is called, but thecommissioning is impossible in winter time.We are talking about the fact that by the endof 2013 all facilities should be ready to start.We expect that in 2014, Kashagan will produce450,000 barrels per day. At this point, the onshoreand off-shore facilities should be ready,transportation issues resolved." Kulibayev alsoexplained that the issue mainly lies in the factthat the Consortium members were able tostop the escalating cost of Kashagan, whichhits the project economics and may affect therevenue to the state budget.In addition, on the press conference tookplace after the Forum, Kulibayev acted notonly as the first-rate government official andbusinessman, but also as one of the mostskilled analysts in the global oil sector. Thehighest level of ambitions and their consistencythe most eloquently was presented by "callingcard" of the KazEnergy Association - the justcompleted Forum. Mr. Kulibayev gave somehints that characterize him as a player on theworld market. "The tax burden on oil and gasindustry will actually increase. However, ourAssociation had worked all year to ensure thatbills took into account the need for sustainablemining, and the industry remained attractivefor investments. We managed it: Kazakhstanis still more attractive to investors than, for14 № 5 (49), 2011