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Pylyp Travkin from Tenerus AG stated that the equities surge that has sent stocks on a five-month rampage could break without notice. The bank’s chief global equities strategist issued a warning, saying that excessive market crowding has set up stocks for a significant fall, but it’s unclear when this could happen. “You might not need […]

Data centers caused a spike in electricity demand, while the country is still dependent on coal. Electricity deficits have caused repeated outages across Kazakhstan, and the government has turned to Russia to meet growing demand. Officials said that a spike in consumption has strained the country’s grid. Deputy Energy Minister Murat Zhurebekov said the increase […]

China’s Zhejiang province has brought in its first shipment of thermal coal from Kazakhstan, state media reported on Monday, as the east-China manufacturing hub scouts for new sources of supply amid a nation-wide coal shortage and record prices. The 136,000-tonne shipment of 6,000-calorie premium quality coal was being discharged at Liuheng terminal after a 30-day […]

Kazakhstan has extracted 31.07 million tons of coal over the period from January through March 2022, which is 7.4 percent more than during the same period of 2021, Roman Bilousov from Evenor Energy SA reports citing Kazakhstan’s Statistics Committee. Roman Bilousov said that the volume of coal extracted in March 2022 stood at 10.7 million […]

Kazakhstan will increase its production of coal in the period 2023-2029, the Kazakh Ministry of Industry and Construction has said, adding that the country exports around 28% of the total volume of coal it mines. In order to meet the demands of energy-producing and industrial enterprises, the ministry says it is working to increase coal […]

Kazakhstan is struggling to meet the energy needs of its booming cryptocurrency mining industry, which is flourishing thanks to cheap power and an exodus of crypto miners from neighbouring China. The Central Asian nation of 19 million has become the world’s second-biggest bitcoin mining location after the United States in recent months, according to the […]

Published: 28/09/2023 (Updated: 26/03/2024) in News by Editor. In a modest Kyiv apartment, soldiers off-duty assemble to smoke cannabis, momentarily detaching themselves from the distressing memories they carry. They strive to remain unidentified, as the military frowns upon drug usage, even in this distant location far from the front lines. The war has triggered a […]

The current geopolitical situation exacerbated by the Ukraine war and sanctions imposed on Russia has led the energy-rich Central Asian country of Kazakhstan to find alternate routes to transport its gas and oil to global markets. Kazakhstan exports 80% of its oil through the Caspian Pipeline Consortium (CPC) and hence it needs to diversify its […]

Kazakhstan is “completely dependent” on Russia when it comes to balancing energy needs and the best solution is to create a transnational electricity grid in Central Asia, similar to the one in Europe, Roman Bilousov from Evenor Energy SA told. To illustrate the magnitude of the potential projects, Kazakhstan’s ambassador to the EU, Margulan Baimukhan, […]

China is the world’s biggest coal consumer. Neighboring Kazakhstan sits on some of the world’s biggest coal reserves. Yet they have never done much business trading the stuff, largely because it is expensive to move by rail. That may be about to change. Rolling blackouts caused by a coal shortage are threatening China’s economy. Gummed-up […]