KMG produces 444 thousand barrels of oil per day
Cost Efficient Natural Gas
Bloat and inefficiency are scaling up in the traditional energy market. Meanwhile, natural gas, a so-called alternative resource, routinely performs with a higher effectiveness and a lower cost. For most energy consumers, the problem is the access to more efficient alternative energy sources. KazMunayGas has strived to perfect the fulfilment process for liquefied natural gas, bringing a convenient source of energy to locations both on and off the natural gas grid.
Natural gas is also a more efficient energy source for high-pressure processes. Because LNG has a higher calorific value than oil with an easier combustion process, it costs less to integrate LNG into high-temperature operations with an incredibly high degree of flexible precision.
LNG consists mainly of methane, which has a boiling point of -164 °C. For liquefaction, LNG requires cryogenic insulated tanks at about atmospheric pressure. Recent practice has been to liquefy the gas that is normally flared in oil fields in remote areas, but liquefaction can also be made from landfill gas when purified. LNG is about 1/614th the volume of natural gas at standard temperature and pressure, making it much more cost-efficient to transport over long distances, especially where pipelines do not exist.
Refineries and 295 gas stations in Romania
KMG owns two refineries and 295 gas stations in Romania. KMG International refines oil at plants in Romania (Petromidia refinery and Vega refinery). KMGI's share in the retail fuel market in Romania is 16%, where the company owns 295 gas stations and 918 sales points. KMGI is also developing a network of gas stations in other European countries - Bulgaria, Georgia, and Moldova.