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February 11, 2016 2:22 AM ET

Oil, Gas and Consumable Fuels

Company Overview of KazTransGaz CJSC

Company Overview

KazTransGaz JSC, through its subsidiaries, engages in the transportation, distribution, sale, and storage of gas in the Republic of Kazakhstan. The company is also involved in the provision of technical services on gas pipelines; sweetening of gas; production of gas and gas condensate; construction and installation of pipelines; and repair and renewal, and modernization of gas pipelines. In addition, it issues Eurobonds; manages investment activities for development of gas fields; and provides consulting services related to research and development of gas industry projects. The company was founded in 2000 and is headquartered in Astana, the Republic of Kazakhstan. KazTransGaz JSC is a subsid...

19, Kabanbay Batyr Avenue

Astana,  

Kazakhstan

Founded in 2000

Key Executives for KazTransGaz CJSC

Director General
Deputy of General Director on Economics & Finance and Member of the Management Board
Managing Director of KazMunayGas
Age: 38
Deputy of General Director on Gas Marketing and Member of the Management Board
Deputy of General Director on Corporate Governance and Member of the Management Board
Compensation as of Fiscal Year 2015.

KazTransGaz CJSC 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.

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