Kazakhstan is moving to have crypto mining companies build their own power generation facilities using leftover associated petroleum gas from oil fields, according to Euronews. The policy direction is aimed at cutting gas flaring, easing pressure on the national power grid, and increasing oil output. Data cited in the report shows the country flared about 300 million to 340 million cubic meters of associated gas in 2024. If that volume were used for electricity generation instead, it could produce an estimated 1.2 to 1.3 terawatt-hours of power. Kazakhstan’s Energy Ministry and other agencies are now working on a legal framework for the plan. The report points to a model in which mining operators supply their own energy from otherwise wasted gas rather than drawing that load from the public grid.
Kazakhstan is pushing crypto mining companies to build their own power plants using leftover associated petroleum gas from oil fields, according to Euronews.
The move is intended to reduce gas flaring, ease pressure on the national grid, and increase oil production. Data cited in the report shows Kazakhstan flared about 300 million to 340 million cubic meters of associated gas in 2024. If used for power generation, that volume could produce an estimated 1.2 to 1.3 terawatt-hours of electricity.
Kazakhstan’s Energy Ministry and other agencies are now drafting the legal framework for the initiative.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
