• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00206 0%
  • TJS/USD = 0.10833 -0.09%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 38

Trilateral Summit in Turkmenistan Focuses on Transport, Energy, and Trade

On August 22, a trilateral summit was held in Turkmenistan’s Avaza National Tourist Zone, bringing together Uzbekistan President Shavkat Mirziyoyev, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, and Azerbaijan President Ilham Aliyev. The leaders focused on strengthening cooperation in trade, the economy, transport, energy, and humanitarian affairs, while also emphasizing the development of political, cultural, and multilateral ties. Transport and Transit Mirziyoyev presented several initiatives aimed at expanding regional transport routes and maximizing the region’s transit potential. He highlighted the strategic importance of integrating existing and new corridors to better connect China with South Asia, the Middle East, and Europe. Construction of the China-Uzbekistan railway is underway, and a memorandum has been signed with Pakistan and Afghanistan to establish the Trans-Afghan Corridor. According to Mirziyoyev, these projects could significantly enhance infrastructure utilization across Azerbaijan, Turkmenistan, and Uzbekistan. The development of the Middle Corridor and the Zangezur Corridor was also discussed. The leaders agreed to collaborate on increasing the capacity of regional transport hubs, constructing modern logistics infrastructure at the ports of Turkmenbashi and Baku, implementing a unified tariff policy, and digitizing freight systems. Uzbekistan expressed its willingness to reduce tariffs on a reciprocal basis to facilitate improved access to global markets for regional businesses. Energy Cooperation Energy cooperation was another key focus. The participants emphasized the need to expand collaboration in energy exports and to explore new supply routes. A proposed project to export “green” energy to Europe was described as promising. Additionally, in the hydrocarbon sector, the leaders proposed deeper cooperation in geological exploration and offshore field development in the Caspian Sea. “Joint efforts in the fields of transport, transit, and logistics will be of great importance not only for our countries but also for the wider region,” said President Aliyev, stressing the strategic nature of trilateral cooperation. Aliyev also noted that Azerbaijan’s state oil company SOCAR has begun developing an oil field in Uzbekistan, with results expected in the coming years. Trade and Industry According to summit participants, mutual trade volume between Uzbekistan, Turkmenistan, and Azerbaijan has doubled in recent years, with industrial goods making up 40% of this trade. Talks included preparations for a Comprehensive Action Plan aimed at developing trade and logistics chains, establishing wholesale distribution centers, unifying phytosanitary standards, introducing digital product labeling, and launching joint online platforms. The leaders also underscored the importance of regional engagement and called for increased organization of trade fairs and business forums under the auspices of national chambers of commerce and industry. Summit Outcomes The summit concluded with the endorsement of a new trilateral program for cultural and tourism exchanges, aimed at boosting regional tourism and promoting shared cultural heritage. A joint presidential statement was issued, alongside memoranda of cooperation in the fields of transport and logistics, shipbuilding, and aviation. Additionally, an agreement was signed on cooperation between national commodity and raw material exchanges. To ensure implementation, President Mirziyoyev proposed the development of a roadmap and the institutionalization of regular ministerial meetings focused on key cooperation areas.

Tokayev Calls for Global Action at UN LLDC3 Summit in Turkmenistan

At the Third United Nations Conference on the Landlocked Developing Countries (LLDC3), held from August 5-8 in the Turkmen resort town of Awaza, Kazakhstan’s President Kassym-Jomart Tokayev urged the international community to deepen cooperation, enhance regional connectivity, and take decisive collective action in support of the 32 countries that lack direct access to the sea and remain on the periphery of global trade. A Global Call for Equality and Interconnectedness Speaking at the plenary session, Tokayev highlighted Kazakhstan’s leadership in advancing the LLDC agenda. In 2003, Almaty hosted the first UN conference on landlocked countries, which culminated in the Almaty Programme of Action (APoA). Two decades later, the president noted, structural barriers, such as limited market access, underdeveloped infrastructure, and high exposure to geopolitical shocks, remain largely unchanged. “Landlocked countries should be seen as equal and promising partners in global development,” Tokayev said. “Our voice must be louder and our cooperation deeper.” [caption id="attachment_34680" align="alignnone" width="300"] @akorda[/caption] The Awaza Action Programme: A Roadmap for 2024-2034 The centerpiece of LLDC3 was the adoption of the Awaza Action Programme for the coming decade, structured around five strategic priorities: structural transformation of economies, development of sustainable infrastructure, trade facilitation, regional integration, and resilience. Kazakhstan endorsed the plan and called for stronger political and financial support from transit countries, international institutions, and private investors. Tokayev emphasized the need for innovative financing tools to mobilize investment in transport, energy, and digital infrastructure. Addressing the Climate Challenge The president also highlighted the disproportionate climate-related vulnerabilities faced by LLDCs, including water scarcity, glacial melt, and desertification. He called for a balanced and inclusive approach to climate policy and invited participants to the Regional Environmental Summit, scheduled for April 2026 in Astana, to be co-hosted with the United Nations. Tokayev also pointed to Kazakhstan’s recent achievements in digital innovation and sustainability, citing the launch of the Alem.AI Artificial Intelligence Center and the commissioning of a new national supercomputer. “We are open to international scientific cooperation,” he said. [caption id="attachment_34681" align="alignnone" width="300"] @akorda[/caption] Central Asia as a Model of Regional Resilience Despite geographic constraints, Tokayev presented Central Asia as a case study in overcoming isolation through cooperation. “Geography does not determine destiny,” he said. “With political will, strategic investment, and international partnership, lack of access to the sea can become not a barrier but a source of growth.” Kazakhstan is investing heavily in transport corridors such as the Middle Corridor (Trans-Caspian International Route) and the North-South Corridor, strengthening its role in the Eurasian logistics network. Energy Diplomacy and Regional Projects On the sidelines of the conference, Central Asian leaders convened for informal talks, where they discussed priority areas of cooperation, including energy. Topics included development of Turkmenistan’s Galkynysh Gas Field, one of the world’s largest, and ongoing transport projects such as the Kazakhstan-Turkmenistan-Iran railway and the Turkmenbashi-Garabogaz-Kazakhstan border highway. According to the UN, trade costs in LLDCs are 74% higher than in coastal states, and cross-border shipping takes twice as long. Collectively, these countries account for only 1.2% of...

Tajikistan to Supply Rogun Hydropower to Uzbekistan at 3.4 Cents per kWh

Tajikistan and Uzbekistan have agreed to a new phase of energy cooperation that will see electricity from Tajikistan’s Rogun Hydropower Plant (HPP) exported to Uzbekistan at an initial price of 3.4 US cents per kilowatt-hour, according to Tajikistan’s Ministry of Justice legal information portal. The price, which includes a zero-rated VAT, will increase by 1% annually starting in the second year of supply. Deliveries are scheduled primarily during periods of planned shortages in Uzbekistan’s energy system and will follow an approved schedule coordinated by the countries’ respective system operators. The volume and technical details of the supply arrangement will be formalized in a separate electricity purchase agreement between Rogun HPP and Uzbekistan’s Uzenergosotish company. Electricity will be transmitted via interstate power lines, supplementing ongoing exports from Tajikistan’s national utility Barki Tojik. Regional Energy Integration The Rogun HPP, a key component of Tajikistan’s long-term energy strategy, is also drawing interest from Kazakhstan, which recently announced its intent to purchase electricity from the plant. The price for Kazakhstan is likewise set at $0.034 per kWh, excluding VAT, and subject to an additional transit fee based on seller-incurred costs. Payments are to be made within 35 days of each delivery period. During the plant's current construction phase, electricity exports will occur only during the vegetation season (April 1 to September 30). Once Rogun reaches full operational capacity, deliveries will expand to year-round. Agreement Terms and Project Outlook The bilateral agreement will enter into force once both governments complete their domestic legal procedures and confirm implementation via diplomatic channels. The initial agreement term is 20 years, with automatic 10-year extensions, unless one party opts out by notifying the other at least six months prior to expiration. Tajikistan has exported electricity to Uzbekistan every summer since 2018, strengthening energy ties in a region historically marked by infrastructure fragmentation. Upon completion, Rogun HPP will be the largest hydropower facility in Central Asia, with an installed capacity of 3,780 megawatts (MW) and estimated annual output of 14.4 billion kWh. Currently, two of the plant’s six turbines are operating at partial capacity, having come online in 2018 and 2019. Full commissioning of the sixth unit is expected by 2029. In 2024, Rogun generated 1.22 billion kWh, contributing 5.5% of Tajikistan’s total electricity production, according to the Ministry of Energy.

Transit of Russian Gas to Uzbekistan Through Kazakhstan Continues to Grow

The volume of Russian natural gas transiting through Kazakhstan to Uzbekistan is on the rise, reflecting deepening regional energy cooperation. Kazakhstan’s Deputy Minister of Energy, Alibek Zhamauov, shared the update during a speech at the international Energy Trends forum, according to Interfax. Gas transit to Uzbekistan via Kazakhstan began in October 2023. In 2024, 5.6 billion cubic meters of Russian gas were delivered through Kazakhstan, surpassing earlier forecasts of 3.8 billion cubic meters. The volume is projected to increase to 7.3 billion cubic meters in 2025, with further plans to reach 11 billion cubic meters per year starting in 2026. The growing volumes highlight Kazakhstan’s emerging role as a vital transit hub for Central Asia. In 2023, the initial year of operation, 1.28 billion cubic meters of gas were transported along this route. Zhamauov stated that the project is part of a broader strategy to enhance regional energy security and develop cross-border gas infrastructure. Kazakhstan’s Ministry of Energy has committed to expanding and upgrading the country’s gas transportation network to accommodate long-term supply agreements with neighboring states. Uzbekistan’s Production Decline Raises Concerns The rising reliance on imported gas comes amid a continued decline in Uzbekistan’s domestic natural gas production. In the first two months of 2025, output fell by 4.2% compared to the same period in 2024. This trend follows a steep drop in production from 61.59 billion cubic meters in 2018 to 44.59 billion in 2024. The shrinking output has sparked concerns over Uzbekistan’s energy security and its broader economic implications. The country’s increasing dependence on regional gas flows highlights the strategic importance of projects like the Russia-Kazakhstan-Uzbekistan transit corridor.

Washington Signals Interest in Uzbekistan’s Nuclear Energy Sector

The United States has expressed interest in cooperating with Uzbekistan on civil nuclear energy investments, U.S. State Department spokesperson Tammy Bruce stated following a February 21 phone call between Uzbek Foreign Minister Bakhtiyor Saidov and U.S. Secretary of State Marco Rubio. “Secretary Rubio spoke with Foreign Minister Saidov to reaffirm U.S. support for Uzbekistan’s independence, sovereignty, and territorial integrity. They discussed ongoing cooperation through the C5+1 platform to promote stability and economic growth in Central Asia. Secretary Rubio also thanked Uzbekistan for its efforts in controlling illegal migration and counterterrorism cooperation. The U.S. looks forward to exploring investment opportunities in critical minerals and civil nuclear energy technologies,” the statement read. U.S. Expands Nuclear Energy Engagement in Central Asia The United States has previously shown interest in participating in nuclear energy projects in Central Asia, including the construction of a nuclear power plant (NPP) in Kazakhstan. During an October 2024 visit to Almaty, Khush Choksi, Senior Vice President of the U.S. Chamber of Commerce, emphasized America’s readiness to take part in Kazakhstan’s nuclear energy sector. “The U.S. has the best technologies for nuclear power plants, and we hope there will be an open tender allowing American companies to participate,” Choksi told reporters. Strategic Energy Cooperation Washington’s interest in nuclear energy partnerships with Uzbekistan and Kazakhstan reflects its broader strategy to expand energy cooperation in Central Asia. The region’s growing demand for energy security, technological development, and investment in clean energy solutions aligns with U.S. efforts to strengthen economic ties and counterbalance the influence of other global energy players.

Kazakhstan and Hungary Reach Preliminary Deal on Oil Supply via Druzhba Pipeline

Kazakhstan and Hungary have reached a preliminary agreement on the supply of Kazakh crude oil to Hungary via the Druzhba (Friendship) oil pipeline system through Russia. According to Kazakhstan’s Ministry of Energy, the agreement was reached during a meeting in Astana on February 17 between Kazakhstan’s Minister of Energy Almasadam Satkaliyev and Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó. The two sides agreed to conduct test oil shipments in 2025. Kazakhstan already supplies oil to Germany through the Druzhba pipeline. The ministers also discussed cooperation between Kazakhstan’s national oil and gas company, KazMunayGas, and Hungary’s MOL Group in developing the Rozhkovskoye gas condensate field in western Kazakhstan. MOL Group has invested $200 million in the development of this major field and has previously expressed interest in processing Kazakh oil at Hungarian refineries. On the same day in Astana, Szijjártó held talks with Kazakhstan’s Deputy Prime Minister and Minister of Foreign Affairs Murat Nurtleu. The foreign ministers reviewed trade and economic relations, noting that bilateral trade turnover increased by 4.4% last year, reaching nearly $200 million. Both sides agreed to take additional measures to achieve the goal set by their leaders, to expand trade to $1 billion, according to Kazakhstan’s Foreign Ministry. Key topics of discussion included: The opening of Hungarian bank branches in Kazakhstan The construction of a multimodal cargo terminal in Budapest Expanding exports of Kazakh uranium and critical minerals The ministers also highlighted plans to launch a direct air connection between Shymkent, Kazakhstan’s third-largest city, and Budapest in May 2025. The new route is expected to further strengthen economic and cultural ties between the two nations. Since 2005, Hungarian direct investments in Kazakhstan have exceeded $370 million, reflecting the deepening economic partnership between the two countries.