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LONDON (TCA) — The wider Caspian region, which comprises the Caspian littoral states and the lands to their east, is sitting on a vast riches of subsoil resources of which combustibles are made to quench the world’s ever increasing thirst for energy. Those who dedicate their lives and/or cash to such resources hardly ever miss an occasion to stress the need for them, downplaying the growing importance of alternative resources, located not under but on and above the earth’s surface and being infinite. Continue reading
ASTANA (TCA) — Transnational companies have established a consortium to implement the Eurasia project to develop super-deep hydrocarbon deposits in Kazakhstan’s section of the Caspian Sea, Kazakh Energy Minister Kanat Bozumbayev said after the signing of cooperation agreements between the Government of Kazakhstan and international companies on June 21, the official website of the Prime Minister of Kazakhstan reported. Continue reading
LONDON (TCA) — A fair division of the Caspian seabed including exploitation rights has been subject to debate for a quarter of a century now, with time and again the governments of littoral states — Azerbaijan, Iran, Kazakhstan, Turkmenistan, and Russia — assuring that they were on the brink of clinching a comprehensive agreement. At the bottom of the dispute is the question whether or not the Caspian waters should be seen as a lake or a sea. In the former case, international law requires a convention signed by all littoral states, dividing the entire waterbed into sections. The sea-option prescribes that each coastal state has authority over the waters down to 20 nautical miles from the shore, beyond which navigation is free and fishing and other exploitation rights should be either unlimited or defined by either bi- or multilateral agreements. Continue reading
ASHGABAT (TCA) — In his video-call greeting the participants of the International Energy Charter Forum “Towards a Multilateral Framework Agreement on Transit of Energy Resources” held in Turkmenistan’s capital Ashgabat on May 30-31, Vice-President of the European Commission Maros Sefcovic expressed firm confidence that Caspian and Central Asian Region and the European Union would shortly develop beneficial cooperation in different spheres including the energy, and that the negotiations and continuous efforts in provision of Turkmen gas supplies to European markets indicate strong partnership and cooperation, Turkmen state media reported. Continue reading
BISHKEK (TCA) — Different opinions between the five littoral states of the Caspian Sea — Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan — have for many years blocked energy projects and other initiatives planned without the participation of Russia. A proposed agreement announced in January did not materialize and now the littoral states are finding alternative ways directing their traffic to other carriers and ports. The following article by Paul Goble, entitled ‘Collapse of Russian Shipping in the Caspian Puts Moscow’s Regional Strategy at Risk’, originally published by The Jamestown Foundation’s Eurasia Daily Monitor, explains the ongoing situation at various ports and the great decline in traffic through the Russian ports: Continue reading
TASHKENT (TCA) — President of Uzbekistan Shavkat Mirziyoyev will pay a working visit to Turkmenistan on May 19 and 20 at the invitation of Turkmen President Gurbanguly Berdymukhammedov, the press service of the Uzbek president said. It will be Mirziyoyev’s second visit to Turkmenistan since his election as the Uzbek president late last year. Continue reading
