Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Sunday, January 21, 2018

Industrialists consider coalbed methane production in Kazakhstan

Kazakhstan hosted an international forum on the industrial development of coalbed methane in Karaganda over the weekend.

Participants included representatives of large companies from the U.S., Russia, China and Spain, The Astana Times reports.

The forum was organized by the Karaganda city government, as well as the KazTransGas and Sary-Arka companies.

"We are in talks with potential investors," Anuar Akhmetzhanov, the deputy governor of the Karagandy region, said, according to The Astana Times. "The project's aim is for Karaganda and Astana to use new energy sources. The question is their cost. To reduce it, we are studying the existing technology in the world."

Local experts expect that the production and use of coalbed methane will help to replace the coal used to meet the energy demands of central and eastern Kazakhstan.

Domestic companies said they will begin commercial production no later than 2017, The Astana Times reports.