About
Our Purpose
To unlock the value of our full potential for all our stakeholders through securing our business by working as a well-integrated team across all disciplines.
Our Vision
To contribute materially to the total marketable commercial gas potential and its affordability in Kazakhstan whilst moving towards a cleaner energy mix.
Our Story
Over the last 16 years, we have built a world class infrastructure hub that has allowed for the exploration and development of the Chinarevskoye field and can continue to support the production and sale of billions of cubic meters of raw gas in North-western Kazakhstan for years to come.
Our Strategy
We, as management and employees, together with our local partners, are committed to working towards creating value for our shareholders and delivering sustainable long-term cashflows by commercialising our gas processing infrastructure, mitigating sub-surface reservoir risk and applying stringent cost control.
Our Values
We are trustworthy and reliable, take our corporate, social and ecological responsibilities seriously, and are dedicated to the health, safety and wellbeing of our employees.
Our key strengths
- Right place, right time
Well located to develop regional resources. Multiple transportation routes to market and full control of liquid transportation logistics.
Nostrum’s existing 4.2 bcma dry gas processing infrastructure is a gamechanger to participate in Kazakhstan’s transition to a cleaner energy strategy and to strengthen its energy security. - A mixed-asset energy company
Own and potential third-party sources of upstream gas fields with midstream solutions. - Low operating costs
Operations streamlined in 2022 and costs reduced. - High-quality local input
A significant number of our contractors and suppliers are local Kazakhstan entities, meaning that we support the local economy. This also means that we are well positioned to maintain operations if access to Kazakhstan is restricted. - Experienced Board of Directors and Senior Management Team
Nostrum’s BoD and Senior Management Team is seasoned, close-knit and well-integrated across critical disciplines, with proven skills in project execution and production operations. - Responsible operations
Safety is a personal and shared responsibility. Everybody working at or visiting our facilities has a right to return home safely and to perform their duties under safe working conditions.
What we do
Value we create
Kazakhstan’s Energy Sector
Nostrum is a major supplier of commercial processed gas in Western Kazakhstan for domestic and export markets. Aiming to be the preferred partner of choice for handling and processing third-party gas in Western Kazakhstan.
Workforce
We are one of the leading employers in north-western Kazakhstan, and we hold a valuable key to unlocking future development of otherwise stranded natural resources.
Investors
In February 2023, Nostrum completed the implementation of the restructuring after obtaining all required licenses and approvals. As a result, US$1.125bn of existing notes have been replaced with US250m Senior Secured and US$300m Senior Unsecured notes due in 2026. The remaining portion of existing notes were converted into the Company’s equity and the existing ordinary shareholders were diluted to 11.11%, subject to further dilution if the warrants held by existing noteholders are exercised.
Local communities
We are a proud community partner and strive to foster a culture of openness and engagement, offering social and financial support to promote the wellbeing of local residents.
Suppliers, contractors and customers
Deliver on our production and project plans. Constant communication with our key customers and suppliers.
Governments and regulators
We paid US$31.9m of tax in 2022 to governments.
Our gas process infrastructure with significant available ullage, located only about 100 km north, offers a compelling value proposition to both RoK and KPO, especially as an alternative to increasing supplies to or from Russia.