24 Nov 2022 16:27

Kazakhstan plans to place 25% of QazaqGaz shares at IPO - draft govt decree

ALMATY. Nov 24 (Interfax) - There are plans to place a 25% stake in the QazaqGaz national company at an IPO, according to the corresponding document posted on the government's website portal for normative regulatory acts.

Kazakhstan's National Economy Ministry plans to amend the government resolution on approving the list of strategic facilities by removing a 25% stake in QazaqGaz from the list.

The document will be available for public discussion until December 7, 2022.

As reported earlier, QazaqGaz intends to go public in 2024-2025.

QazaqGaz, formerly KazTransGas, is Kazakhstan's national gas operator, including gas exploration, production, transportation, and distribution. QazaqGaz operates 20,600 km of large gas pipelines with yearly throughput capacity of 255 billion cubic meters of gas, and 59,000 km in gas distribution networks.