July 27, 2016 7:39 PM ET

Oil, Gas and Consumable Fuels

Company Overview of JSC KazTransGaz

Company Overview

JSC KazTransGaz, through its subsidiaries, engages in the transportation, distribution, sale, and storage of gas in the Republic of Kazakhstan. It operates approximately 15, 000 kilometers of gas pipelines, 56 compressor stations with 316 installed gas compressor units, and 3 underground gas storage units. The company was founded in 2000 and is based in Astana, the Republic of Kazakhstan.

36-Street, 11 building

Yesil District

Astana,  010000

Kazakhstan

Founded in 2000

Phone:

7 7172 55 22 24

Key Executives for JSC KazTransGaz

Director General and Member of the Board of Directors
Age: 43
Deputy of General Director on Economics & Finance and Member of the Management Board
Age: 39
Deputy of General Director on Gas Marketing
Deputy of General Director on Corporate Governance
Acting Deputy Director General
Age: 36
Compensation as of Fiscal Year 2016.

JSC KazTransGaz Key Developments

JSC KazTransGas Announces Management Changes

JSC KazTransGas announced that it has appointed Rustam Suleimanov as Director General (Chief Executive Officer). Kairat Sharipbayev who previously held the position of Director General (Chief Executive Officer) was named Chairman of the board of directors of the company starting from December 11, 2015. Suleimanov previously served as the company's Deputy General Director for Marketing and Commerce and was a member of the Board.

KTO And KTG Merger Will Not Take Place

The proposal on merger of KazTransOil JSC (KAS:KZTO) and KazTransGaz CJSC was made by the Chairman of Samruk-Kazyna State Fund Umirzak Shukeyev during his speech at expanded government meeting on November 18. He explained his idea that the presence of two pipeline companies in the structure of KazMunaiGas is inappropriate. The merger of two subsidiaries of KazMunaiGas JSC – oil transportation company KazTransOil and gas transportation company KazTransGas, according to Mr. Kabyldin, Head of KazTransOil, “It makes no sense – neither economic nor technical. This is my position as an expert,” he added.

KazTransGas and Gazprom Dobycha Kuznetsk to Produce Coalbed Methane

KazTransGas and Gazprom Dobycha Kuznetsk have signed a memorandum of cooperation in exploration and production of coalbed methane in Kazakhstan. The document provides for development of more effective technologies of coalbed production - from geological prospecting to commercial use. To achieve the goals of the project, the parties would exchange information, create joint ventures, and implement a pilot project for exploration and production of coalbed methane.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 10, 2016
KazTransGas-Tbilisi
 

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