On September 26, 2019, the XII KAZENERGY Eurasian Forum themed “Future of Energy Sources: Innovative Growth” was opened in the Congress center of Nur-Sultan: This event is the main international event of KAZAKHSTAN ENERGY WEEK 2019 (KEW) held this week in the Kazakh capital by KAZENERGY Association with the support of the Government of the Republic of Kazakhstan.

The main issues raised during the plenary session were the transition to sustainable energy in the context of global market changes, the growing demand for energy around the world, mainly due to traditional sources of raw materials — oil and gas, the development of existing and search for new sources of energy, as well as opportunities for their stable supply to consumers.

Speaking at the opening of the Forum, Prime Minister of Kazakhstan Askar Mamin said that currently all participants of the world energy market need to unite global efforts to overcome the existing challenges. “Kazakhstan should maintain stability and predictability of the energy market and the global economy in view of the risks of future recessions,” he said. “KAZENERGY Association today gives us an excellent opportunity to contribute to a constructive dialogue and gathered here the best representatives of the industry and the international community.” The head of the Government of the Republic of Kazakhstan stressed that, thanks to the stability and predictability of energy supplies, Kazakhstan is becoming a regional leader.

According to A. Mamin, today, Kazakhstan is annually increasing its production of oil and gas. “Our production has become a major factor for the further development of the petrochemical, oil refining industry,” he said. Also, the Prime Minister noted that the capacity of domestic refineries has increased significantly, which allowed to fully cover the domestic needs for high-quality oil products.

At the same time, A. Mamin added that major shocks of the financial and economic markets force Kazakhstan to pay attention to renewable energy sources and prepare the infrastructure for the introduction of innovations in this sector.

The KazEnergy Eurasian Forum has been held since 2006 and is the main international event of the energy sector in the Caspian and Central Asian regions. Traditionally, KAZENERGY Forum attracts interest from the Governments of the world countries, international energy organizations, diplomatic missions, Kazakhstani and foreign companies in the energy sector, research institutes and consulting agencies. Every year, it is attended by more than 2.5 thousand delegates from more than 300 companies representing more than 50 countries. Guests of the Forum for many years are influential political figures, recognized experts from around the world, which emphasizes the high authority of the event.

Source: Kazenergy.com