The presidents of Azerbaijan, Kazakhstan, Russia, and Turkmenistan ended their four-way Caspian summit meeting in Kazakhstan’s resort city of Kenderly last weekend with its purpose and consequences as clear as distant figures in an early autumn mist. Two elements did … Continue reading →
The appearance of Nabucco financing sources has made possible the signing this week of a transit agreement to govern the natural gas pipeline. The agreement marks an important staging post in bringing to reality the long-touted energy route, which is … Continue reading →
The European Council, in a meeting principally devoted to determining the European Union’s policy towards its eastern members and preparing an EU position for next week’s Group of 20 summit in London, also took an important decision last week on … Continue reading →
An agreement was announced late last month between Russia and China for China energy FDI to construct a pipeline branch to China from the East Siberia-Pacific Ocean (ESPO) oil pipeline. This is only one aspect of a relatively new strategic … Continue reading →
The global fall in prices of key earners oil and gas is making the Kazakhstan tenge weak. The roiled economy may have to let its currency weaken further following the 18 per cent devaluation earlier last week as the current … Continue reading →
Russia’s foreign currency reserves are being fast eroded as the government tries in vain to brake the Russian ruble decline under tumbling commodity prices. Look for Russia to follow the road to a still more authoritarian state.
Continue reading →The armed conflict between Russian and Georgia has further exposed the fragile position of the energy links running through the smaller country from the Caspian Sea to developed market economies South Ossetia energy geopolitics on the ground today Russian forces … Continue reading →
Corruption and politics in Ukraine threaten to choke off, at least in the near term, the expansion of oil exports, through the Odessa-Brody pipeline, from Azerbaijan and eventually Kazakhstan to Europe. This is the significance of Ukrainian Prime Minister Yuliya … Continue reading →
Kazakhstan and Azerbaijan have culminated years-long negotiations with agreements with agreements to increase Trans-Caspian oil exports are set to include with culmination of Azerbaijan-Kazakhstan negotrations across the Caspian Sea, supplementing Azerbaijani crude in the Baku-Tbilisi-Ceyhan (BTC) pipeline.
Continue reading →New prospects to extend the Caspian pipeline network with a Trans-Caspian Gas Pipeline (TCGP) from Turkmenistan to Azerbaijan have been receiving deserved attention in recent months. However, another project to pipe energy resources from the western to the eastern shore … Continue reading →