Key Market Indicators
Kazakhstan's energy consumption is projected to reach approximately 3.4 exajoules by 2028, up from 3.2 exajoules in 2023. This represents an annual growth rate of 1.1%. Since 1990, the country's energy demand has increased by an average of 1.9% per year. In the global ranking for 2023, Kazakhstan was positioned 30th, while the Netherlands was slightly ahead with 3.2 exajoules. The United States, India, and Russia occupied the second, third, and fourth spots, respectively. In terms of energy supply, Kazakhstan is expected to reach nearly 80 million tonnes of oil equivalent by 2028, rising from 76 million tonnes in 2023. This indicates an average annual growth rate of 0.9%. Since 1995, Kazakhstan's energy supply has seen a modest annual increase of 0.5%. In the 2023 rankings, Kazakhstan came in 7th place, with Spain surpassing it at 76 million tonnes of oil equivalent. France, Saudi Arabia, and the United Kingdom were ranked second, third, and fourth, respectively.
