• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09217 0.55%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28615 0.14%
08 February 2025

Viewing results 1 - 6 of 17

Afghanistan Advances TAPI Gas Pipeline Construction as Kazakhstan Explores Participation

Afghanistan has made significant progress in constructing the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. According to Ariana News, citing the Herat provincial governor’s office, approximately six kilometers of pipeline have already been laid since work began last month. Herat Governor Maulana Islam Jar assured project representatives of his full support, stating that TAPI will play a crucial role in strengthening the economy and promoting regional stability. Afghanistan's section of the pipeline is expected to take approximately two years to complete and represents a significant milestone for the broader project. TAPI is designed to connect Central Asia’s vast gas reserves with the rapidly growing energy markets of South Asia. During a recent meeting, TAPI’s general director in Afghanistan, Abdullah Yoof, updated Governor Jar on construction progress and outlined further plans for the project, including job creation and infrastructure development in Herat province. Meanwhile, Kazakhstan is actively exploring the possibility of joining the TAPI pipeline. The country’s Ministry of Energy has confirmed ongoing negotiations between the national gas company, QazaqGaz, and Turkmengaz, which owns an 85% stake in TAPI Pipeline Company Limited. However, officials have refrained from disclosing details, citing the confidentiality of the discussions. Kazakhstan’s interest in the project was first officially announced by Deputy Energy Minister Yerlan Akkenzhanov. Speaking at the Kazakhstan-Afghanistan Business Forum in October 2024, he highlighted that participation in TAPI could provide Kazakhstan with access to new markets, including Pakistan and India while attracting additional investment to the country’s gas sector. The TAPI pipeline, spanning over 1,800 kilometers, will traverse: Turkmenistan – 214 kilometers Afghanistan – 774 kilometers Pakistan – 826 kilometers The pipeline will terminate in India, providing a crucial energy link between Central and South Asia.

First Kilometers of TAPI Gas Pipeline Completed in Afghanistan

The first three kilometers of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline have been successfully laid in Afghanistan, according to Mohammed Murad Amanov, the executive director of TAPI Pipeline Company Ltd. Amanov stated that the construction is progressing rapidly, raising hopes for the timely completion of the project. Deputy Governor of Herat Province, Nakibullah Ayub, visited the construction site and confirmed that local authorities are fully prepared to support the project's swift advancement. So far, 3.4 kilometers of the pipeline route in Afghanistan have been prepared, aligning with the established schedule. The Afghan section of the TAPI pipeline, which spans 821 kilometers, officially began construction in September 2024. To date, technical surveys have been completed on 153 kilometers of the route, and the initial three kilometers of pipeline were laid within four months. TAPI is a landmark regional energy project that aims to transport natural gas from Turkmenistan’s Galkynysh gas fields to consumers in Pakistan and India, passing through Afghanistan. The project is expected to enhance economic stability in the region and attract significant foreign investment. Economic experts have highlighted the strategic importance of the TAPI pipeline for Afghanistan. Analyst Mohammad Asif Stanekzai remarked that the project could boost Afghanistan’s economic credibility and pave the way for increased foreign capital inflows. Additionally, Afghanistan is projected to earn approximately $400 million annually in transit fees. Last week, Afghanistan’s Acting Minister of Mines and Petroleum, Hidayatullah Badri, held discussions in Kabul with Mohammed Murad Amanov about the progress of the TAPI pipeline and strategies to expedite the remaining work.

Turkmenistan and Afghanistan to Accelerate TAPI Gas Pipeline Project

During a working visit to Afghanistan on December 15, Turkmenistan’s Minister of Foreign Affairs, Rashid Meredov, met with Afghanistan’s Acting Foreign Minister, Amir Khan Muttaqi, to review the progress of major energy, transport, and infrastructure projects involving Turkmenistan in Afghanistan, the Turkmen Foreign Ministry reported. The ministers inspected the ongoing construction of the Afghan section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline and agreed to accelerate its implementation, according to TOLOnews​. Turkmenistan has already completed its section of the TAPI pipeline, designed to transport 33 billion cubic meters of Turkmen natural gas annually to Afghanistan, Pakistan, and India. The $10 billion TAPI project will span 1,814 kilometers, with 816 kilometers crossing Afghanistan. The pipeline will help meet Afghanistan’s domestic gas needs while generating approximately $450 million annually in transit fees. The pipeline will extend from Afghanistan to Quetta and Multan in Pakistan before reaching Fazilka in India. As part of the visit, the Turkmen foreign minister also inspected the construction of a fiber-optic communication line and a warehouse complex at the dry port of Turgundi railway station, located in Afghanistan’s northern Herat Province. Meredov further assessed progress on the Turgundi-Sanabar section of the Turgundi-Herat railroad. The Times of Central Asia previously reported that construction of the Afghan section of the TAPI pipeline officially began on September 11, 2024. Once operational, the TAPI pipeline will enable Turkmenistan — currently exporting natural gas primarily to China — to diversify its export routes. The project aligns with Turkmenistan’s broader plans to deliver gas across the Caspian Sea to Azerbaijan, Turkey, and Europe.

Uzbekistan Looks to Turkmen Gas to Tackle Winter Energy Crisis

Uzbekistan has faced persistent gas and electricity shortages for over 25 years, leaving many citizens to rely on stoves and makeshift heating systems to stay warm during harsh winters. In 2024 alone, 82 people have died, and another 80 remain in serious condition due to carbon monoxide poisoning. The situation could improve if Uzbekistan shifts to importing natural gas from Turkmenistan. Turkmenistan recently declined to renew its gas contract with Russia, citing its strategy to diversify exports and secure better prices. With natural gas reserves estimated at 17.5 trillion cubic meters, Turkmenistan is a regional energy powerhouse, supplying significant volumes to China while maintaining domestic stability. Meanwhile, Uzbekistan’s gas production has declined, exacerbating its energy crisis. Despite ranking 17th globally in terms of gas reserves, Uzbekistan produced only 33.48 billion cubic meters of natural gas between January and September 2024 - 4.8% less than during the same period last year. At the same time, energy demand is rising due to population growth and a 6% economic expansion. Experts suggest that prioritizing imports from Turkmenistan could alleviate Uzbekistan’s energy woes. Former Energy Minister Anvamirzo Khusainov highlights the 1,500-kilometer border shared by the two countries and the existing pipeline infrastructure that could facilitate Turkmen gas imports. However, such a decision would require Uzbekistan to reduce its historical reliance on Russia - a move that carries significant political implications. The approaching winter may force Tashkent to make this critical choice. Reliable and cost-effective gas supplies from Turkmenistan could provide much-needed relief and help Uzbekistan address its longstanding energy shortages.

Turkmenistan to Boost Gas Exports to Neighbor Uzbekistan

Uzbekistan has agreed to purchase more natural gas from Turkmenistan, though the amount of additional gas and the price remain unclear. Uzbek President Shavkat Mirziyoyev spoke by phone with the chairman of Turkmenistan’s Halk Maslahaty (People’s Council) and leader of the country Gurbanguly Berdimuhamedov on December 5 to discuss the deal. According to Turkmen state news, Berdimuhamedov “agreed to the increase” of Turkmen gas to Uzbekistan, and it would not be surprising if Berdimuhamedov was quietly dancing in celebration on the other end of the line.   Anxious to Sell Turkmenistan has the fourth largest gas reserves in the world, some 17.5 trillion cubic meters, at least. To put that in perspective, the 27 countries of the European Union, combined, used 350 billion cubic meters of gas in 2022, meaning Turkmenistan has enough gas to meet all the EU’s gas needs, at current levels, for 50 years. Unfortunately, more than 33 years after becoming independent, Turkmenistan still does not have many customers for its gas. There is China, which buys the most Turkmen gas, some 35 billion cubic meters (bcm), Uzbekistan, which in recent years has been purchasing 1.5-2 bcm annually from Turkmenistan, and Azerbaijan, which gets 1-1.5 bcm of Turkmen gas via a swap arrangement involving Iran. Turkmenistan’s only successful recent export deal is with Iraq for 10 bcm, which involves a swap arrangement with Iran that will require maintenance work and repairs on Turkmenistan’s and Iran’s pipelines. Turkmenistan just lost Russia as a customer after the contract for Russia to purchase up to 5.5 bcm of Turkmen gas expired at the end of June 2024. The expiration of the agreement with Russia meant Turkmenistan lost its second biggest buyer, but that might now turn out to be good news for Uzbekistan.   Anxious to Buy The jump in the number of people and accompanying expansion of service infrastructure have combined with Uzbekistan’s gross failure to increase domestic gas output to make Uzbekistan a net gas importer. In late January 2023, Uzbek media reported the country produced some 51.7 bcm of gas in 2022 and said plans called for increasing that to 56.3 bcm in 2023. Instead, gas production fell to 46.7 bcm in 2023, and it is set to decrease further in 2024. Uzbekistan signed its first contract for Turkmen gas in December 2022. That deal was for 1.5 bcm annually, but in August 2023, the two countries agreed to boost that to 2 bcm. However, that was not enough to fill Uzbekistan’s growing gas consumption needs. In June 2023, Uzbekistan signed a two-year agreement to import up to 2.8 bcm of gas from Russia, but by March 2024, reports showed Uzbekistan looking to increase Russian gas imports to 11 bcm starting in 2026. It looks like some of the 5.5 bcm Turkmenistan was until recently selling to Russia will instead be sent to Uzbekistan, so for Turkmenistan, the gas deal with Uzbekistan only recovers some of the revenue lost with the expiration of the contract with Russia....

Turkmenistan and Turkey Aim to Double Trade Turnover

Turkmenistan and Turkey have announced plans to double their annual trade turnover from $2.5 billion to $5 billion in the coming years. Turkish Trade Minister Ömer Bolat shared the goal during an exhibition in Ashgabat, where more than 70 Turkish companies were represented. He emphasized that the current trade volume is insufficient and that achieving this milestone would significantly strengthen economic ties between the two nations. Roadmap for Economic Cooperation A key step toward this goal will be the 8th meeting of the intergovernmental commission, scheduled for February or March next year in Ankara. According to Bolat, the meeting will approve a new roadmap for trade and economic cooperation. “We will develop our cooperation in various fields, following the vision of the leaders of our brotherly countries,” Bolat stated, highlighting the deep cultural and historical ties between Turkey and Turkmenistan. Priority Sectors The partnership will focus on several priority areas: • Energy: Discussions are underway to facilitate the transportation of Turkmen natural gas to Europe, which could lead to strategically important agreements. • Chemical Industry: Both countries aim to collaborate on projects that enhance the sector's development. • Trade Facilitation: Improvements in customs procedures and visa regime simplifications are expected to ease business interactions for citizens of both nations. Bolat also underscored the importance of Turkish construction projects in Turkmenistan, as well as the role of the Middle Corridor in boosting trade opportunities by improving goods transportation. Strengthening Economic Ties Turkey and Turkmenistan already maintain robust economic relations, with Turkey ranking as one of Turkmenistan’s leading trade partners. More than 600 Turkish companies operate in sectors such as trade, investment, construction, energy, transportation, communications, textiles, and processing industries. This strategic collaboration reflects shared cultural and historical roots, with both countries committed to furthering economic cooperation across various fields. The ambitious $5 billion trade goal demonstrates a mutual effort to deepen ties and expand opportunities in the region.