Key Market Indicators
Kazakhstan's energy consumption is projected to hit 3.4 exajoules by 2028, rising from approximately 3.2 exajoules in 2023. This represents an average annual growth rate of 1.1%. Since 1990, the nation's energy demand has increased by an average of 1.9% each year. As of 2023, Kazakhstan ranked 30th globally in energy consumption, with the Netherlands slightly ahead at 3.2 exajoules. Leading the global rankings are the United States, India, and Russia, occupying the second, third, and fourth spots, respectively. On the supply side, Kazakhstan's energy output is expected to reach nearly 80 million tonnes of oil equivalent by 2028, up from 76 million tonnes of oil equivalent in 2023. This marks an average annual growth rate of 0.9%. Since 1995, the country's energy supply has grown by an average of 0.5% per year. In 2023, Kazakhstan was the seventh-largest energy supplier globally, with Spain surpassing it at 76 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom held the second, third, and fourth positions, respectively.
