QazaqGaz and Austrian Holding ÖBAG Discuss Prospects for Cooperation in the Gas Industry

QazaqGaz and Austrian Holding ÖBAG Discuss Prospects for Cooperation in the Gas Industry

Asylzhan Dauletov, Deputy Chairman of the Management Board for Exploration and Production at NC QazaqGaz JSC, held a working meeting with an Austrian delegation headed by Severin Gruber, Deputy Minister of the Ministry of Economy, Energy and Tourism. The delegation also included representatives of the Austrian state holding company ÖBAG and OMV, an integrated oil, gas, and chemicals group within the holding.

During the talks, the parties discussed a broad range of bilateral cooperation areas, with a focus on:

• Collaboration in gas field development and gas processing, including the deployment of advanced technologies to improve operational reliability and asset efficiency;
• Development of underground gas storage (UGS) infrastructure: the participants examined the operations of the three existing UGS facilities in Kazakhstan and explored opportunities to apply OMV's best practices in storage volume management.

Representatives of the Austrian delegation reaffirmed strong interest in fostering partnership with Kazakhstan's national gas operator.

Following the meeting, the parties agreed to continue detailed expert-level discussions on joint initiatives where OMV's technological and operational expertise in gas exploration, production, and supply dispatching can support NC QazaqGaz in meeting its strategic objectives.

For information: ÖBAG holding manages state-owned shares in Austria's key enterprises, including OMV - one of the European market leaders in geological exploration, field development, production, processing, and underground gas storage.