Kazakhstan says final decision on Karachaganak gas plant due in October, November

Reuters
10 Jul
Kazakhstan says final decision on Karachaganak gas plant due in October, November

MOSCOW, July 10 (Reuters) - Kazakhstan's energy ministry said on Thursday that a final investment decision on the Karachaganak gas processing plant is expected in October or November this year, as shareholders push ahead with plans for the project.

The ministry had said last week it was scrapping plans to build the gas processing plant at the Karachaganak field with the project's mainly foreign shareholders and would seek to engage domestic companies.

The field is operated by the Karachaganak Petroleum Operating $(KPO.AU)$ consortium, which includes Eni ENI.MI (29.25%), Shell SHEL.L (29.25%), Chevron CVX.N (18%), Lukoil LKOH.MM (13.5%) and KazMunayGas KMGZ.KZ (10%).

(Reporting by Reuters; Editing by Joe Bavier)

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