Kazakhstan approves direct sale of Kashagan gas plant operator GPC Investment

September 21, 2026 at 11:43 PM2 min

This digest was compiled by AI from multiple sources — links to the originals are below.

Kazakhstan's government has approved the transfer of GPC Investment, the operator of the Kashagan gas processing plant, to the private sector through a direct targeted sale in 2026–2027. The company, a subsidiary of national company QazaqGaz, is included in the list of assets to be transferred to a competitive environment by a government decree dated September 17, 2026.

Key Facts

The government decree dated September 17, 2026, includes GPC Investment in the list of assets to be transferred to a competitive environment.
GPC Investment is planned to be sold through a direct targeted sale in 2026–2027.
As of July 2026, the Kashagan gas processing plant's EPC works were 60% complete, with about 97% of main equipment delivered to the site.
After launch, the plant will process up to 1 billion cubic meters of associated gas per year and produce about 727 million cubic meters of commercial gas annually.
Earlier plans called for selling a 75% stake in the company to Qatari holding UCC.

Privatization Decision

Kazakhstan's government amended the list of assets to be transferred to a competitive environment by decree on September 17, 2026. GPC Investment, a subsidiary of QazaqGaz, is included in that list. The company is planned to be sold through a direct targeted sale in 2026–2027.

Kashagan Gas Plant Status

GPC Investment is the operator of the Kashagan gas processing plant construction project in Atyrau Region. As of July 2026, the Ministry of Energy reported EPC works at 60% completion and about 97% of main equipment delivered to the site. Around 2,000 specialists are involved in the project. After launch, the plant will process up to 1 billion cubic meters of associated gas per year and produce about 727 million cubic meters of commercial gas annually. Gas for the plant will come from the Kashagan field, one of Kazakhstan's largest oil and gas deposits.

Previous Sale Plans

Earlier plans called for selling a 75% stake in the company to Qatari holding UCC.