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ASTANA (TCA) — On November 15, Azerbaijan’s capital Baku hosted the General Meeting of members of Trans-Caspian International Transport Route (TITR) International Association, which discussed increasing the volume of cargo transportation along this route and increasing its efficiency, the press office of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) said. Continue reading
ASTANA (TCA) — On October 19, the first million tons of cargo was sent to the Azerbaijani port of Baku from Kazakhstan’s port of Kuryk on the Caspian coast, said the press office of Kazakh national railway company Kazakhstan Temir Zholy (KTZ), which has constructed the Kuryk seaport. Continue reading
BISHKEK (TCA) — The European Bank for Reconstruction and Development (EBRD) on October 18 said its Board of Directors has approved a US $500 million regional project that will help finance the delivery of crucial energy supplies from the Caspian Sea to Europe along the Southern Gas Corridor (SGC). Potentially, Turkmenistan may join the project by transporting its natural gas across the Caspian Sea to Azerbaijan. The EBRD said its financing will fund the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) that passes through Turkey. TANAP is a key part of the SGC which will strengthen Europe’s energy security, promote interconnectivity and open gas markets. It will also help provide a better energy supply mix for consumers in the Balkans and south-eastern Europe as well as achieve significant CO2 reductions through the substitution of obsolete coal-fired power plants. The Bank’s engagement in the project will ensure adherence to the highest environmental standards and allow continuing extensive dialogue with all stakeholders of SGC. The Southern Gas Corridor includes gas infrastructure investments into a 3,500-kilometre pipeline running through six countries with a total cost of US $40 billion. The key components are the Shah Deniz offshore gas field in Azerbaijan, the Southern Caucasus Pipeline in Azerbaijan and Georgia, TANAP in Turkey and the Trans Adriatic Pipeline (TAP) through Greece, Albania and Italy. The initial annual throughput capacity will be up to 16 billion cubic metres, which is equivalent to the annual energy consumption of more than 10 million households in the region.
TASHKENT (TCA) — Landlocked countries of Central Asia, including Uzbekistan, badly need sea and rail transport routes for the transit and export of goods to foreign markets. One such transport corridor will soon connect Central Asia, across the Caspian Sea, to the Caucasus, Turkey, and Europe. We are republishing this article by Fuad Shahbazov on the issue, originally published by The Jamestown Foundation’s Eurasia Daily Monitor: Continue reading
TEHRAN (TCA) — Iran has signed an agreement with Russia’s LUKOIL oil company to jointly look for hydrocarbon reserves in the southern parts of the Caspian Sea. The agreement is significant given that the Caspian littoral states — Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan — are yet to determine maritime and seabed boundaries of the Sea, Iran’s PressTV news agency reported. Continue reading
ASHGABAT (TCA) — Russian President Vladimir Putin and Turkmenistan President Gurbanguly Berdymukhammedov signed a Treaty on Strategic Partnership between Turkmenistan and Russia during Putin’s visit to Ashgabat on October 2. Continue reading
