KAZENERGY – rich history, outstanding perspectives

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altOn October 4 and 5, Astana hosted the VI Eurasian Forum, organized under the auspices of the KAZENERGY Association, and although the event is being held since 2006 and has proved to the highest international level, this meeting was special for powermen.

Gathered under the shade of Baiterek,   the   participants not only shared their expe-rience, views and business proposals,    but    witnessed summarizing   20   years   of successful economic break-through in our country. To-day our country is on the frst or one of the frst places in the region in terms of many economic indicators, which was greatly contributed by effective energy policy and strategy for the develop- ment of natural resources. In fact, the inter-est to the Eurasian Forums by professional saround the world validates the chosen path of Kazakhstan in the best way possible.

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Recall that the KAZENERGY Association was founded in November 2, 2005 in order to create the optimal environment for the enterprises of fuel and energy complex, to protect their interests, to build a constructive dialogue with the authorities and foreign counterparts. Today the Association includes more than 50 market players, including not only Kazakhstan's energy giants, such as KazMunayGas and KEGOC, and such world leaders as ExxonMobil Kazakhstan inc, Schlumberger Logelco Inc, TengizChevron and many others. The state agencies of RK are actively involved in the Association activity, their representatives’ spoke at the Forum, which allowed the audience to make a comprehensive assessment of the prospects for international cooperation in the energy sphere. Last but not least, according to analysts and market players, the Association of Energy has acquired its own weight, meaning and impact of domestic and global scale through its commitment to provide an interactive platform to representatives of business and government. At the same time the efforts of the organization management to create conditions for fruitful discussions are not limited to the Eurasian Forum, although it is certainly a kind of a crown of the communication aspirations.
 
Welcome Message from the President of the Association Timur Kulibayev to the Forum delegates provides a comprehensive view of strategic and tactical problems to be solved during the event.
"In 2011, the Republic of Kazakhstan celebrates the 20th anniversary of the state independence. Over the years our country has established itself as a sovereign authoritative dynamically and steadily developing country and a full member of the interna-
tional community. Considerable contribution to these processes made by the energy sector of Kazakhstan's economy that has become not only the engine of economic growth and modernization of the country, but also a good example of cooperation between state institutions and foreign investors and private entrepreneurial initiative. Since the early 1990s, nearly four-fold, to 79.7 million tons, annual production of oil and gas condensate has increased, which greatly contributed to more than ten-fold growth of the national economy. Together, we nearly doubled the share of Kazakhstan in the global oil market, and in uranium mining the country reached a leading position in the world, 17.8 thousand tons in 2010. Al-ready in 2015 the oil and condensate production in the country will reach 95 million tons per year, natural gas production - more than 59 billion cubic meters per year"- states his welcoming speech.
Timur Kulibayev also stressed that during the years of independence, a stable and dynamic structure of the energy sector formed: Kazakhstan managed to attract impressive investments, to balance the interests of participants in the oil and gas market, namely public and private, domestic and foreign, multinational corporations and small businesses. At present, domestic priorities have become the innovative development, the strengthening of local content, social responsibility, effective protection of the environment, the synthesis of basic scientifc research and production infrastructure. "In connection with this subject of the VI KAZENERGY Forum is very symbolic -" Kazakhstan: 20 years of sustainable growth, new horizons for investments and cooperation".
I am sure that the Forum will contribute to more effective co-operation of industrialized and producing nations, facilitate the development of mutual understanding and international partnership," - concluded the Chairman of the Association. The importance of the changes occurring, invaluable experience of Kazakhstan power industry was stressed by CEO of the «KA-ZENERGY Association», Mr. Dzhambulat Sarsenov. According to him within 20 years of independence, all government policy documents have emphasized the development of the energy industry, which is "followed by oil and gas engineering, infrastructure projects, oil pipelines, gas pipelines. The money invested by investors in oil and gas sector  in general served to the development of local industry and production," - he said. Also, Mr. Sarsenov stressed that there is "the queue" to invest in such projects as Kasha-gan." According to Dzhambulat Sarsenov, investment horizons should be extended to the industrial projects, "As the Program of forced industrial-innovative develop-ment involves the creation of a large number of projects, new production capacity that will ensure the effcient operation of oil and gas industry and energy in general."

In the epicenter of global energy dialogue
The frst day of the Forum, October 4 not only lighted the "Kazakh energy miracle" and promising areas of the industry, but also identifed the new vectors of cooperation. The participants got the opportunity to discuss the profle problems of the region, in particular the sensitive issue of collaboration in the development of the Caspian shelf. Also there were presentations on forecasting and long-term partnership alliances in Eurasia. Along with others, the speeches raised such specifc issues of the industry, as the formation of prices for oil, gas and other energy sources, peculiarities of contracts and investments of the largest oil felds (for example, Karachaganak, Kashagan and Ten-giz), and the prospects for innovations. As for the innovation, this is the important area repeatedly voiced as a priority in the institutions subordinate to the National Wealth Fund, led by Timur Kulibayev. As you know, the largest Kazakh mining companies are a part of the National Wealth Fund, and for them the strategies identifed at the Forum play an important role. "Years of hard work, today let us boldly and proudly speak of progress in the petroleum and energy industries of our country. Kazakhstan has secured its status as a leading player in the global energy market and has engaged in the di-alogue on an equal footing with the global industry leaders. National companies have successfully implemented a number of major pipeline and energy transit projects in the past few years. Calibrated, well thought out development strategy allowed raising the industry's quantitative indicators, provid-ed the necessary prerequisites for its high quality innovative breakthrough. By itself, the oil and gas sector is the engine of innovation, since our entire complex felds are the objects of innovation, so they take the advantage of the latest technology. On our feld work major Japanese, American, European Asian companies operate using the latest technology." - noted Kulibayev in one of his speeches.
On the second day the participants were discussing the tragedy at Fukusima-1, a nuclear power station, those precautions, which the world's energy community should learn from a stern lesson. Delegates also talked about the development of the nuclear industry, the possibility of energy transport to Europe from renewable sources and much more. The special role of the Forum was assigned to the environmental issues, the search for technological solutions of environmental protection, as well as those innovations that are the participating enterprises have developed under their environmentally friendly programs, including the important place given to the local content in the indus-trial areas.

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Traditionally, in the framework of the Forum serious disputes arise, information extremely important for the business world community is sounded especially due to the moderators and speakers. For example, in 2009, a wide debate was provoked by appearance of ex-Chancellor Gerhard Schroeder on gas issue. As for present IV Forum the only  name of the co-host arouse interest to the event have becoming a breaking news for the international mass media. Larry King -a world famous journalist, the master of living and contensive interview, together with the Chairman of the KAZENERGY Association, Timur Kulibayev co-moderated the section devoted to energy geopolitics of Eurasia, Challenges and New Horizons. Karim Mas-simov –Kazakhstani Prime Minister, as well as EU Energy Commissioner, Günther Oet-tinger appeared as main spokesmen. Concerning the sore problem, "the issue of the Caspian", the President of the World Petroleum Council, Randall Gossen, an expert on energy security, Platts, John Roberts, Senior Adviser to the Special Envoy for Eurasian Energy (U.S. Department of State), Daniel Stein, president of the National Company KazMunayGas, Kairgeldy Kabyldin, and others presented their views. To the topic of investing, which is against of fnancial in-stability and political transformation of the world is particularly relevant this year was given a separate plenary session "New horizons for oil and gas industry: investing in innovation and new technologies". As a moderator for this part, Euronews journalist,  Niall O'Reilly had been invited. The forum participants had a possibility to obtain the opinion of top management of the leading world energy giants on such issues as the implementation of experimental-industrial development of the Kashagan feld, the oil operations in extreme-cold conditions and new growth opportunities for liquids production at the Karachaganak feld. In the section of nuclear energy the views were heard of the chairman of the National Committee of Japan WEC Teruaki Masumoto, the Manager of INPRO, IAEA Randall Be-atty, president of the national company «Ka-zatomprom» Vladimir Shkolnik and other delegates.

Legitimate Expectations
Addressing the delegates, head of the Association of power engineers, Chairman of the Board of National Wealth Fund «Samruk-Kazyna» Timur Kulibayev noted a steady and gradual development of both the Forum structure and its scale. - This is an interesting platform, where it is given a possibility to speak for our and foreign infuential politicians, to share experience on how looks the sector development  from political point of view, as well as for industry representatives, international organizations and experts. It is very gratifying that the subject is expanding, so today it is held a very important discussion on the development of nuclear industry, on development of alternative energy sources - these industries, we are developing in Kazakh-stan, - said Mr. Kulibayev, and his words were fully confrmed at the event that took place in October.
The Head of "Samruk-Kazyna" NWF once again stressed the importance of diversifca-tion of the economy of Kazakhstan and the signifcant role in this process assigned to the National Welfare Fund headed by him. - The crisis in Kazakhstan is largely over-whelmed, that’s why the head of the state set new tasks towards the Fund – they are corporate governance, economic diversifca-tion, introduction of an innovative culture to our subsidiaries and, as already noted, the People's IPO. When we talk about diversif-cation, we say that we have more than 60% of revenue from the commodity sector, so the basic investments and industrial programs should be invested to the development of non-oil sector. In particular these are our projects of petrochemical cluster in Atyrau – we began building a plant of polypropylene, agreed with Korean investors on the project of polyethylene production, began construction of a bitumen plant, created higher proft products. Of course, we are not limited to the listed projects ", - said Kulibayev. Back to the list of successes in the innovation feld, he added the activity of "Kazatomprom", that signed several contracts for the development of the uranium sector also he mentioned the projects in the feld of alternative energy. In addition, Timur Askarovich lit and a great job of personnel training, as you know, it is vain to expect diversifcation without competent professionals - that's why "Samruk-Ka-zyna" NWF has signed several agreements with leading universities of country in order to increase effciency of HR potential. In light of Petroleum subject Minister of oil and gas Sauat Mynbayev made a signifcant contribution. He pointed out that in Kazakhstan over 20 years the dynamics of the recoverable reserves of liquid hydrocarbons and natural gas shows a signifcant increase due to opening of the Kashagan feld and in-creasing the reserves of the Tengiz, in general this demonstrates a success of the geological industry of the country. The minister stressed that during 20 years, oil production increased by more than 3 times, the gas production by more than 5 times. In the future, it is expected to greatly increase volumes of hydrocarbons: it is worked out a project for future development with a possible increase in production from the current 26 million tons to 36 million tons on Tengiz project.
- Much has been done on Kashagan project, the expected start date of commercial production - December 2012 - June 2013. As you know, the frst phase of the project presug-gests a production volume of about 370 000  barrels per day with a possible increase to 450 thousand barrels "- told Mr. Mynbayev. Minister of environmental protection Nur-gali Ashimov "closed" ecological niche by saying that Kazakhstan has adopted voluntary commitments to reduce greenhouse gas emissions to 15% by 2020 and 25% by 2050 relative to the baseline of 1992. According to the minister, there are being formed a national system for monitoring and reporting of greenhouse gases and the State Register of carbon units in the RK. Thus, as a result of stricter environmental regulations in recent years emissions have stabilized at 3 million tons, with an annual GDP growth at 7-11%. In addition, since 2005 in Kazakhstan a ban on associated gas faring during oil production has been legally embedded.
- As a result, the combustion of gas is re-duced from 3.1 to 1.3 billion cubic meters. By the end of this year the program for utilization of associated of gas at oil fields must be completed. Such measures are being taken so far only by Norway - noted Mr. Ashimov. He also said that President Nursultan  Nazarbayev set the task of reducing energy intensity to 10% in Kazakhstan by 2015. In this context, the MEP developed a Plan of low carbon economic development of the republic and industrial facilities introduced in the framework of the forced industrializa-tion Program undergo state ecological expertise for compliance with environmental requirements.
In particular, the Sixth Forum has estab-lished itself as a real discovery for the players of the nuclear industry, as announced Timur Kulibayev, stressing that the «Ka-zenergy» Eurasian Forum has become more authoritative and informative. Even against a background of forum’s information abundance chairman of the Association created the plenary session devoted to the prospects of the nuclear segment, which was held jointly with the World Energy Council. His confdence in the brilliant future of Kazakh uranium and atom was joined by Prime Minister Karim Massimov, who said that the country is also taking the frst steps towards the development of nuclear energy. This June the Government approved the  Programme for the Development of Atomic Energy which provides the construction of the frst Kazakh nuclear company. - I believe that nuclear power of Kazakhstan has a great future. Kazakhstan, as a reliable energy partner, connecting East and West, plays an important role in global energy security. We continue to promote the diversi-fcation of routes of energy transportation to fnal markets ", - he said. "Kazakhstan is aware of the signifcant role of the energy sector in improving living standards and en-hancing economic development. At present, the industry faces unprecedented challenges. But I am confdent that by working in a team, government, business and society will be able to withstand the energy challenges of the XXI century ", - stated the Prime Minister of the RK.
Head of nuclear energy development Department of IAEA Thomas Koshy said the IAEA is ready to make recommendations to Kazakhstan in the case of nuclear power plant construction in the country. In particular, he explained that over the next six months the IAEA will publish an annual report on the technologies most appropriate for Kazakhstan, noting that there are large reactors and small reactors, reactors on thermal neu-trons in our country. The deputy Chairman of JSC "NAC"Kazatomprom" Sergei Yashin reported that nuclear power plant in Kazakhstan can be built in the next 10 years. - In the near future we will have to defne the role and place of nuclear power in the country's energy balance, to determine the placements of nuclear power plants, select optimal nuclear technologies, primarily safe, and also solve large complex problems, ranging from personnel training and development of standard documentation for use of nuclear energy and ending with the possibility of participation of Kazakh enterprises in the construction of nuclear power plant ", -tells Mr. Yashin. Speaking about the longer term development of the nuclear industry, experts drew attention to a trend of increasing demand for uranium in 2030. In this regard, raises the question: who is able to provide a supply? Kazakhstan, according to Vice-President of JSC "NAC"Kazatomprom", as one of the leading countries in the feld of uranium mining, will be able to get mark of 25 - 30 thousand tons of uranium production per year. In 2011, the national company "Kazatomprom" plans to produce about 20 thousand tons of uranium. Characteristically, the Forum has long ago attracted the attention of not only journalists but also leading investors - in framework of the event each year genuine sensations are born and this year is no exception. At one of the last meetings of leaders of Energy under the auspices KAZENERGY Prime Minister Karim Massimov announced the fve items on the Kashagan project, which were sub-sequently used as a basis in the negotiation process. In that year, experts and analysts noticed that the Eurasian Forum was held entirely as a bridge between the government and investors, excellent dialogue platform where you can not only discuss but also tie business contacts and get useful informa-tion at frst hand. Whereas from year to year actuality and relevance of the Forum is just growing, excitement around this event has reached impressive heights. The Eurasian Forum truly become the calling card of Kazakhstan, its natural resources, the ability to conduct business in the legal feld at the level of world standards.

2006
Now analysts' forecasts are fully confirmed by the reality - the value of the Forum can not be overestimated, as evidenced by its six-year history. So the first Eurasian Energy Forum of KAZENERGY, held in 2006, marked a new milestone in the development of fuel-energy complex. For the first time in an atmosphere of constructive debate an attempt was made to define "trouble spots" of growth, to outline prospects for further development. Then Timur Kulibayev suggested the thesis: Kazenergy Association is ready to act as a moderator between state authorities and enterprises of the energy sector. Later, the  forecasts made by the Chairman of the Association were brilliantly realized. That year, the future Prime Minister of Kazakhstan, Karim Masimov, lashed out at the violators of the environ-mental laws and gave the outline of a number of innovative and legislative programs aimed at maintaining the ecological balance. Further, this line of work was developed in the Association activities on development of the Environmental Code of the country, which had been laid down strict rules of "zero discharge" and a number of other important points. The future head of government also stated the need to improve the degree of oil and gas processing. "As a part of the petrochemical cluster in West Kazakhstan, the Republic's  government is able to support those businesses that are ready for more advanced processing of raw materials, the development of petrochemical industries in the country. Your efforts on joint ventures establishment would make an invaluable contribution to the development of Kazakhstan," - said Mr. Massimov. And this task is implemented by KAZENERGY. The Association has become one of the initiators of the First Caspian Forum on oil refining and petrochemical development and a special conference in Astana. The Association established a special working group that is dedicated to this issue. The ways were defined to develop relationship between industrialists, know-how scientists, and the  banking business. Another serious task posed by the Prime Minister was the development of local content in the oil service sector. "Large oil and gas and energy sector companies shall serve as a catalyst for the economic growth  and development of small and medium-sized businesses and domestic machinery," - a thesis voiced by the future Prime Minister, assuring that the government will revise laws to ensure the foreign investors comply with their commitment to attract local content and personnel from among the citizens of our Republic. The Prime Minister kept his promise. But the Association made the local content issue a constant topic of discussion at the Coordinating Council involving foreign investors and international experts. The issue of Kazakhstani personnel training was selected one of the priorities in the activities of the Association and its members. The result was the annual scientific conference on human resources, conducted by a private institution -the Unified Personnel Development Centre of NC KazMunayGas supported by KAZENERGY.
 
2007
In September 2007, the second KAZENERGY Eurasian Energy Forum was held, purposed at the discussion of topical issues of oil, gas and energy sector: review of analytical information, work out of proposals and recommendations, coordination of common approaches to effective legal mechanisms and practical tools of the key economy sector of Kazakhstan. During the event, a famous "Kashagan issue" was raised. Speaking of the oil and gas industry development, the effective Prime Minister mentioned the problems associated with the development of the Kashagan field. Karim Massimov said: "The Kazakh government is ready to engage in an open dialogue to address project issues at the early stage, while I want to say openly, we  will be tough to stop illegal actions of those who try to violate the rules of the Ka-zakhstan legislation and ignore the national interests of our country." The situation with the Kashagan project was valued by the Government as a special case, the legitimate interests of potential and actual investors in Kazakhstan were not impacted, and as practice showed, were not injured. "Kazakhstan is a reliable and stable partner committed to contractual obligations, and acting for their stability. The Kazakh government will adjust its position only in respect of those who are not able to fulfill the obligations," -the Prime Minister stated.
In addition, following the II Eurasian Energy Forum the Memorandum on the establishment of the Caspian Information Initiative was signed. The Memorandum suggested a mutually beneficial exchange of  information among the initiatives participants; the establishment of a dialogue platform to discuss the challenges faced by the region; support of contacts and increase of the areas of cooperation between the media, public organizations and commercial companies of the Caspian region. Also, in the course of the Forum, the Chairman of the Association, Timur Kulibayev was awarded a certificate of the honorary member of the Caspian Integration Business Club. This organization, which unites more than 100 companies of thirty states, established to promote regional ties among nations, strengthening of contacts between government agencies and private businesses, as well as the development of integration processes in the energy and the environment protection.
 
2008
During the III Eurasian Energy Forum organized under the "Global Challenges -Energy Solutions" theme, it became known that Kazakhstan joined the World Petroleum Council (WPC), uniting 60 national committees of various countries with developed oil and gas industry. As WPC President Randall Gossen noted in a press conference held following the forum, our country became a part of the world's leading nonprofit organization headed by him. "We are very pleased that Kazakhstan has become a member of our family, because the countries in the World Petroleum Council represent 95 percent of global oil and gas production." - He said. The honored guest praised the Forum. He stressed that "the level of the solutions made meets the highest  international standards." It was also stated that the oil and gas companies should share geological information considered confidential regarding the national sector of the Caspian Sea in order to avoid future failures in drilling exploratory wells on the shelf. This opinion was stated by the President of Meridian Petroleum, LLP, Baltabek Kuandykov. "All participants in petroleum operations need exchange of geological information obtained in each national sector and in the whole basin. It is time to review the list of confidential geological information," - said Mr. Kuandykov. His initiative was strongly supported by the participants.
The participants again raised the topic of Kashagan, Karim Massimov and Kulibayev voiced clear predictions. "As a result of complex negotiations with all parties of the Consortium, the Government substantially  increased the state share in the project, up to 16.83 percent, and in addition, our country will receive compensation for changes in the timing of its implementation. By October 25, all legal formalities to be completed," -said the Prime Minister. A little later, during a special press conference, the Chairman of the Kazenergy Association added to the Prime Minister\s words. He commented on the completion date of the Kashagan project. "October 2013 is called, but the commissioning is impossible in winter time. We are talking about the fact that by the end of 2013 all facilities should be ready to start. We expect that in 2014, Kashagan will produce 450,000 barrels per day. At this point, the onshore and off-shore facilities should be ready, transportation issues resolved." Kulibayev also explained that the issue mainly lies in the fact that the Consortium members were able to  stop the escalating cost of Kashagan, which hits the project economics and may affect the revenue to the state budget. In addition, on the press conference took place after the Forum, Kulibayev acted not only as the first-rate government official and businessman, but also as one of the most skilled analysts in the global oil sector. The highest level of ambitions and their consistency the most eloquently was presented by "calling card" of the KazEnergy Association - the just completed Forum. Mr. Kulibayev gave some hints that characterize him as a player on the world market. "The tax burden on oil and gas industry will actually increase. However, our Association had worked all year to ensure that bills took into account the need for sustainable mining, and the industry remained attractive for investments. We managed it: Kazakhstan is still more attractive to investors than, for  example, Russia. Many Russian companies as LUKOIL, Rosneft, Gazprom Neft want to work in our country and to increase investment. Now investors are focused on the Caspian shelf of Kazakhstan. But it is not elastic; we can not sign new contracts indefinitely. Therefore, I advise investors pay attention to other areas. Like the shelf of the Aral Sea, where there are already encouraging results of exploration, the land of Kazakhstan: western, central, southern part of the country "- he said in particular. Future showed the accuracy of those predictions.
The final joint statement was adopted at the completion of the Forum, which stressed the importance of fruitful cooperation for its delegates.
"Natural energy resources and created production, scientific, technical and personnel potential of the energy sector of Kazakhstan  is a key national asset. Effective use is a necessary foundation for the transition path of sustainable development, ensuring the welfare of the people. To take full advantage of this priceless treasure, to ensure long-term energy security of Kazakhstan in today's economy, to build the foundations of long-term stable energy supply and keep the state's energy independence, the delegates  are going to fully support the implementation of a systematic and effective national energy dialogue ", - noted the statement. Commenting on the results of the Third Forum to the media, the General Director of the KazEnergy Association, Dzhambulat Sarsenov said with a well-deserved triumph: "This year the level of the Forum was high enough, it involved the President of the World Petroleum Council, the largest organization of oilmen around the world. The Regional Director for Europe and Central Asia Region, World Energy Council attended too,"- said D. Sarsenov. The General Director said that the representative of the World Energy Council visited Kazakhstan for the first time, and stated unprecedented "rush" of the representatives of foreign analytical circles, studying the oil and gas market.

2009
From the very beginning of the Fourth Eurasian Forum indisputable fact was reflected that in recent years, KAZENERGY Forum has become a key site for domestic oil and gas and energy sectors discussion, and the most important event for international visitors. Three previous Forums allowed forming a series of recommendations and sought solutions which are embodied in the subsequent development of Kazakhstan's energy sector. Special guests and participants of the Forum was 33rd Chancellor of Germany, a member of the Board of Directors, the Chairman of Nord Stream AG shareholders, Gerhard Schroeder, the Minister of Energy of the United Arab Emirates, His Excellency Mohammed Bin Al-Zagin Hamili, the Minister of Economy, Energy  and Tourism of Bulgaria Traycho Traykov, the President World Petroleum Council Randall Gossen, the President of SOCAR, Azerbaijan Rovnag Abdullayev, leaders and representatives of the World Energy Council, the European Bank for Reconstruction and Development, the World Bank, the oil and gas giants Chevron, ExxonMobil, Royal Dutch Shell, BG Group, Conoco-Phillips, the largest investment companies, banks, price agencies, including JP Morgan Plc, HSBC Bank Plc, Platts. In total, the Forum was attended by some 1,000 government officials, business communities, diplomatic and expert circles. Also during the Forum 2009, it was announced that Kazakhstan was accepted into the World Energy Council. On September 16-19, 2009 in Reykjavik (Iceland), a meeting of the Executive Assembly (WEC), where the Secretary-General of WEC Mr. Christopher Fry officially  announced the entry of Kazakhstan into this organization (Kazakhstan Association of Oil & Gas and Energy Complex, KazEnergy). The events arranged by the executive assembly were attended by Almasadam Satkaliev, First Vice-President of JSC KEGOC (Chairman of the Kazakhstan Committee of WEC) and Sergei Katyshev, Adviser to the President of JSC KEGOC (Executive Secretary of the Kazakhstan Committee of WEC). Chairman of the Kazakhstan Committee WEC Mr. Almasadam Satkaliev addressed the plenary meeting of the Executive Assembly, thanked the national committees of 92 countries for their votes in support of KazEnergy to be a member of the World Energy Council. As a part of this organization, our country has participated in numerous consulting activities and contributed into development of the key industry solutions.

2010
The V Eurasian KAZENERGY Forum was called "The Energy map of Eurasia: The Balance of Risks and Opportunities", and the course of the event reflected this difficult problem at a full rate, allowed the participants developing best practices. The importance of deep and steady integration of Kazakhstan's energy sector into the global structure was emphasized in the welcome address of one of the organizers of the Forum, the future head of National Wealth Fund Samruk Kazyna, Timur Kulibayev. "We need to examine the future of a new generation of energy, not to be the hostage, but the participants of the changes taking place. We must learn the lessons of the past, investigate and understand how recent global economic crisis changed the world economy, what role can be played by the energy in its rehabilitation and post-crisis development. It is important to realize how rapidly the global energy market is developing. Today, the role is increasing of both the new centers of energy supply, and new sources of energy: atom, shale gas, solar and wind energy and others, "- he said.
Acknowledging the priority of sustainable growth of oil and gas and energy sector of Kazakhstan in the Eurasian region, strengthening the role of Kazakhstan as the guarantor of the continental energy security, the importance of environmental safety, development of new energy sources, as well as testifying to the unity of views on all issues, The Forum participants stated their willingness to solve the key tasks. In particular, the report of the Chairman of the Board, JSC NC  KazMunayGas,  Mr.  Kabyldin  provided a deeper look at the rapidly expanding prospects of cooperation. "This event is of particular importance in the context of the deepening of the international energy dialogue and contributes to the further approval of the mutually acceptable principles of business cooperation and exchange of experience in the energy sector. Energy today is one of the main topics of discussion in the world. Especially relevant are the issues of energy cooperation in the Eurasian region. Also, the modern world community pays special attention to the issues of transit and transport capacity, as an integral component of the global and regional energy security," -said the Head of the National Company. Mr. Kabyldin also highlighted the special role of Kazakhstan in the energy in-tegration. "Today's fast-growing energy consumption, the amount of stocks of energy and location are of special strategic importance for oil and gas region. Due to its geographical location and the availability of substantial reserves of mineral resources Kazakhstan is under scrutiny geopolitical and economic interests on the global energy arena. Our state holds a special position in the Eurasian space, as a "bridge" between the main markets of raw hydrocarbons (Western Europe and East Asia) and the countries that are major suppliers of hydrocarbons (the countries of the Middle East, Russia)," - he stressed. The delegates of the 5th Forum, expressed the firm belief that the meetings, which allowed clarifying the objectives, principles and strategy of the energy sector progress under conditions of the post-crisis development, will have a positive impact on the strengthening of partnerships, creating a favorable investment climate, improve environmental protection and ecological liability, will give new impetus and the intergovernmental cooperation. In conclusion it’s important to note, the Eurasian Forum - one of the most recognized global brands of Kazakhstan. The Conferences elaborate recommenda-tions and solutions to enable to intensify the industrial dialogue, to ensure the stability of energy sector, to strengthen international cooperation. Undoubtedly, KAZENERGY Association managed to secure its status as a center of the industrial dialogue, which provides oil and gas industry with additional features of stable and balanced growth.

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