Ministry of Trade, Industry and Energy

Trade, Industry and Energy Minister Dukgeun Ahn of the Republic of Korea met Kazakhstan’s Minister for Energy Almasadam Sätqaliev today at the Government Complex Sejong for talks on bilateral energy cooperation. 

The first follow-up to the Korea-Kazakhstan summit held this June in Astana, today’s energy ministers’ meeting served as an opportunity for the two countries to assess summit outcomes in energy areas and discuss swift implementation measures. 

The ministers shared the view that the recent summit has acted as a groundbreaking momentum for strengthening Korea-Kazakhstan energy exchanges. Based on the memorandum of understanding (MOU) inked by the two countries for electrical power industry cooperation, they discussed steps to boost Kazakhstan’s power policy collaboration with Korea via projects on improving environmental facilities, building combined cycle power plants (CCPPs), and increasing the utilization of renewable energy. 

Moreover, both sides are aiming to implement summit outcome follow-ups in non-energy areas as well, such as establishing a critical minerals supply chain partnership and expanding official development assistance (ODA) in industry and energy sectors. 

Requesting for greater participation of Korean companies in Kazakh energy plant projects going forward, Minister Ahn also asked the Kazakh government’s interest and support towards the global diffusion of the Carbon Free Energy (CFE) Initiative launched by the Korean government to achieve carbon neutrality through the utilization of diverse CFE sources.