Kazakhstan to lift wholesale gas prices 33% in July; QazaqGaz lists $700m eurobonds on AIX
Kazakhstan will raise wholesale gas prices by 33% in July, a significant adjustment in the country’s energy market that coincided with a major capital markets move by QazaqGaz, which listed $700 million in eurobonds on AIX. Markets offered a snapshot of conditions ahead of the changes.
The average weighted exchange rate on May 8, 2026, stood at 461.26 tenge per U.S. dollar. In corporate actions, Astana-registered Fix Price said it would pay interim dividends of 20.154 rubles per GDR/share for 2025, while a Kazakh railway operator plans to issue 1.79 billion yuan in bonds.
Connectivity also featured, with FlyArystan set to launch a direct Almaty–Xi’an flight starting June 30. On the policy front, Kazakhstan ratified a strategic partnership agreement with the United Kingdom and adopted a constitutional law establishing a special legal regime for Alatau city.
Regionally, CAREC countries are negotiating a trade facilitation agreement. Diplomatic and commemorative events centered on Moscow. President Kassym-Jomart Tokayev arrived in the Russian capital for Victory Day celebrations, with his press secretary stating he would take part in the May 9 events.
A Kremlin aide said the presidents of Kazakhstan and Uzbekistan would attend the festivities. Representatives of the CSTO discussed crisis response at a meeting in Moscow, and Vladimir Putin sent Victory Day congratulations to leaders and peoples of former Soviet republics.
Kazakhstan, meanwhile, is creating a digital database of World War II veterans. These developments mark an active week across energy, finance and diplomacy, with scheduled steps ahead including the July gas price change and the new international flight’s launch on June 30.