KazRosGas Profit Collapses After Costs Rise And Gas Sales Fall
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KazRosGas, a joint venture between KazMunayGas and Gazprom, saw its profit fall more than sixfold in 2025 — from 38.3 billion to six billion tenge, Orda.kz reports, citing Energy Monitor.
According to the company’s report, several factors affected its financial results at once. Gas processing costs rose by 23 billion tenge, dry gas sales fell by about 40 billion tenge, and the company also recorded 12 billion tenge in additional costs for compensatory natural gas.
Experts say the latter costs are linked to reverse gas supplies to Kazakhstan during disruptions at the Orenburg gas processing plant after drone attacks.
At the same time, according to the company’s reporting, the parties signed several new contracts almost immediately for gas supply and transportation until 2053.
These include agreements with Gazprom Pererabotka LLC, Gazprom Dobycha Orenburg LLC and Gazprom PJSC, as well as contracts with QazaqGaz for the purchase and transportation of gas.
Expert Nurlan Zhumagulov questioned why the company needed agreements lasting almost 30 years if KazRosGas effectively performs intermediary functions between the Kazakh and Russian sides.
KazRosGas was established in 2002 on a parity basis by KazMunayGas and Gazprom.
Original author: Alina Elgeldina
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