• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00204 0%
  • TJS/USD = 0.10394 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 1 - 6 of 7

Kazakh Parliament Backs Caspian Green Energy Corridor Linking Central Asia to Europe

Kazakhstan’s Mazhilis, the lower house of parliament, has ratified a strategic partnership agreement with Uzbekistan and Azerbaijan on cooperation in green energy production and transmission. The agreement involved the construction of a high-voltage power cable along the seabed of the Caspian Sea. Speaking at a plenary session, Energy Minister Yerlan Akkenzhenov noted that the document had been signed by the leaders of the three countries in November 2024 on the sidelines of the COP29 climate conference in Baku. According to the minister, the agreement lays the groundwork for one of the most ambitious energy initiatives in the history of independent Kazakhstan. The project involves the creation of a “Green Energy Corridor” designed to facilitate the export of environmentally friendly electricity, as well as green hydrogen and green ammonia, from Central Asian countries to European markets via the Caspian region. A key component of the initiative is the planned installation of a high-voltage direct current underwater cable system across the Caspian Sea. Officials say the project could provide Kazakhstan with direct access to the European Union’s energy market through interconnection with a similar energy infrastructure initiative being considered in the Black Sea region. The initiative reflects a broader effort by Central Asian governments to position the region as a supplier of low-carbon energy to Europe while developing east-west infrastructure that bypasses traditional Russian transit routes. For Kazakhstan and Uzbekistan in particular, exporting renewable electricity and related products such as green hydrogen could open new markets as global demand for cleaner energy continues to grow. Italian consulting company CESI has begun preparing a feasibility study, which is expected to define the project’s financial model and core technical parameters. The cost of preparing the feasibility study is estimated at around €1 million and will be fully covered by grant funding. The Asian Development Bank and the Asian Infrastructure Investment Bank have indicated their readiness to allocate up to $2 million in additional support. To coordinate implementation, the Green Corridor Alliance joint venture was established in July 2024. Ownership is divided equally among Kazakhstan, Uzbekistan, and Azerbaijan, with each country holding a 33.3% stake. The company is currently overseeing expert consultations and preparing subsequent phases of the project. According to Akkenzhenov, successful implementation would strengthen Kazakhstan’s position in global energy markets. “The project will help position Kazakhstan as a reliable partner in sustainable energy, capable of contributing to international energy corridors and implementing large-scale technological initiatives,” he stated. The initiative is also expected to expand export potential, stimulate the development of new energy technologies, and reinforce Kazakhstan’s role as a regional energy hub. Following the parliamentary debate, the Mazhilis deputies approved the agreement, emphasising its importance for enhancing regional energy security. The project is intended to deepen the interconnection between the power systems of Central Asia and Azerbaijan and create conditions for stable exports of green electricity. At the same time, the initiative highlights the growing role of the Caspian region in emerging energy corridors linking Central Asia with European markets. Alongside transport projects...

Uzbek Companies Begin Gas Exploration at Afghanistan’s Toti-Maidan Field

Uzbek companies have received official licenses from Afghanistan to explore and produce hydrocarbons, Uzbek Energy Minister Jurabek Mirzamakhmudov announced in a documentary titled The Path of a New Uzbekistan - A Truth Recognized by the World, broadcast on Uzbekistan 24. According to Mirzamakhmudov, Afghan authorities have granted Uzbek firms the right to conduct geological exploration and develop hydrocarbon deposits on Afghan territory. Work began in mid-September at the Toti-Maidan gas field in Jowzjan province under a 25-year contract signed with the Uzbek company Eriell KAM. “This will be the first stage,” Mirzamakhmudov said, as quoted by Uzbek media. “Depending on the results, we plan to expand cooperation to new sites. The project is being implemented as an initiative that will benefit both the Uzbek and Afghan economies.” The Toti-Maidan field spans approximately 7,500 square kilometers and includes around 30 wells, according to Afghanistan’s Ministry of Mines and Petroleum. Uzbekistan is expected to invest about $100 million annually over the next decade, with plans to process the extracted gas domestically. Mirzamakhmudov emphasized that the initiative reflects Uzbekistan’s growing role in regional energy cooperation and aligns with its policy of fostering mutually beneficial ties with neighboring countries. He noted that the project aims to support local industry development and job creation in both nations. In August 2025, Uzbek and Afghan energy companies signed a series of agreements in Kabul to implement four major infrastructure projects. These include the construction of a 500-kilovolt Surkhan-Dasht-e Alwan transmission line, substation expansions in Arghandeh and Nangarhar, and upgrades to the Kabul-Nangarhar power corridor.

Tokayev: Kazakhstan Ready to Supply Oil, Gas, and Uranium to Slovakia

Kazakhstan is prepared to begin supplying hydrocarbons and nuclear raw materials to Slovakia, President Kassym-Jomart Tokayev announced following talks with Slovak Prime Minister Robert Fico in Astana. Speaking at a joint press briefing, Tokayev reaffirmed Kazakhstan’s commitment to strengthening ties with Slovakia across both bilateral and multilateral platforms, with particular emphasis on expanding economic cooperation. In 2024, trade between the two countries reached $140 million. According to Tokayev, new opportunities are emerging in sectors such as energy, industrial production, agriculture, logistics, digitalization, critical raw materials, education, and tourism. “Kazakhstan is ready to export oil, gas, uranium, food products, and other goods to Slovakia,” Tokayev said. According to Kazakhstan’s Ministry of Energy, the country exported 68.6 million tons of oil to foreign markets in 2024. This year, exports are projected to increase to 70.5 million tons. The bulk of these exports, 57.05 million tons, will be shipped via the Caspian Pipeline Consortium (CPC). Additional routes include the Atyrau-Samara pipeline (8.8 million tons), the Druzhba pipeline to Germany (1.2 million tons), and the Atasu-Alashankou route to China (1 million tons). Kazakhstan also plans to ship 3.6 million tons of oil through the port of Aktau, with 1.5 million tons continuing via the Baku-Tbilisi-Ceyhan pipeline. Following his meeting with Fico, Tokayev also highlighted potential cooperation in military-technical fields. The two leaders discussed leveraging the Trans-Caspian International Transport Corridor, which links China and Europe through Kazakhstan. “I invited our Slovak partners to participate in this project, which could open new horizons for bilateral trade,” Tokayev said. Prime Minister Fico expressed interest in deepening cooperation in both the oil and nuclear energy sectors. “We have five reactors, and a sixth will soon be operational. We’re also planning to purchase a 1.5 MW nuclear power plant. If our Kazakh colleagues are interested, we’re ready to cooperate,” Fico stated. He also noted discussions on utilizing the Druzhba pipeline corridor through Russia and Belarus to supply oil to Slovakia. Meanwhile, Kazakhstan is moving forward with plans for its first nuclear power plant. As previously reported by The Times of Central Asia, the country’s Atomic Energy Agency is expected to announce by the end of this month which foreign company will be awarded the construction contract.