Kazakhstan Turns to Russian Gas as Domestic Demand Surges
Saudi Arabia Cuts Europe Off From October Crude as Gulf Exports Surge Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… Kazakhstan intends to increase natural gas imports from Russia.
The purchase price may be low, but the overall cost could turn out to be steep because of pending new US sanctions on Russia.
Under a supplementary agreement signed with the Russian energy giant Gazprom, Kazakhstan has agreed to purchase about 11 billion cubic meters (bcm) of Russian gas this year, up from around 4 million bcm in 2025, the Tass news agencyreported.
The two sides are still in talks about the purchase of as much as 9 bcm in 2027.
Kazakhstan has been a net natural gas exporter over the years, and in 2025 domestic production reached arecord level of 68.1 bcm.
At the same time, domestic demand is surging.
A key unknown factor in the Gazprom import deal is the price.
Gazprom did not disclose financial details.
Russia’s energy industry is a crucial income earner for the Kremlin, which needs the revenue to keep its war effort in Ukraine afloat.
The war has closed off lucrative European markets for Gazprom, forcing the company to reportedly offer deep discounts to entice purchases elsewhere.
The Gazprom supplementary deal could thus offer Kazakhstan a low-cost way of meeting growing domestic demand while not losing a big chunk of revenue generated by the country’s exports.
Uzbekistan, where domestic gas production hassteadily declinedin recent years, appears to be following a buy-Russian-gas-low, sell-Uzbek-gas-high strategy to cover growing domestic demand while maintaining substantial export earnings.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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