live Russia denies CIA Director visited Moscow to warn against attack on NATO
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow ear...
Kazakhstan is considering deeper involvement in major gas projects in Turkmenistan, signalling interest in both upstream development and cross-border export infrastructure as the region searches for new energy routes and partnerships.
According to Kazakhstan’s Energy Ministry, the national gas company QazaqGaz remains in negotiations with Turkmenistan’s state energy group Turkmengaz over potential participation in the Turkmenistan-Afghanistan-Pakistan-India pipeline, commonly known as TAPI.
The talks also cover possible cooperation on the development of the Galkynysh gas field, one of the largest natural gas reserves in the world. Officials say the discussions are confidential, underlining the sensitivity of both projects.
Kazakhstan’s interest in TAPI is not new. The country has previously indicated it is exploring the option of joining the project’s shareholder structure.
Energy Minister Yerlan Akkhenzhenov has confirmed that Kazakhstan is prepared to acquire up to a 30% stake in the pipeline.
QazaqGaz has already submitted its proposal and is now awaiting a response from the Turkmen side. The scale of the Galkynysh field, however, means any decision-making process is likely to be gradual, involving long-term commitments and complex negotiations.
The TAPI pipeline is designed to stretch 1814 kilometres from Turkmenistan to the Indian border, transporting up to 33 billion cubic metres of gas a year through Afghanistan and Pakistan to South Asia.
The project’s total cost is estimated at around $10 billion. At present, only the Turkmen section has been completed. Authorities in Ashgabat announced last year that construction had begun on Afghan territory, although progress beyond Turkmenistan remains limited.
Despite its strategic significance, the project continues to face unresolved challenges. Security risks linked to gas transit through Afghanistan remain a central concern for potential investors.
At the same time, uncertainty over gas pricing and long-term commercial terms has yet to be fully addressed, complicating efforts to attract additional partners.
Currently, Turkmengaz holds an 85% stake in the TAPI project. The remaining 15% is divided equally between Afghanistan’s Gas Corporation, Pakistan’s Inter State Gas Systems and India’s GAIL, each holding 5%.
The pipeline was officially launched in December 2015 during a ceremony attended by the leaders of all four participating countries, yet tangible progress has remained limited since then.
For Kazakhstan, potential involvement in TAPI and the Galkynysh field would represent a strategic move towards diversification of gas cooperation and access to South Asian markets.
However, as negotiations continue behind closed doors, the project remains a long-term regional ambition rather than an imminent breakthrough in Eurasian energy connectivity.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Kazakhstan is discussing support for the Trans-Caspian green energy corridor with the European Commission, as work continues on a project to transmit electricity from Central Asia towards European markets, Kazakhstan's Energy Ministry said.
Uzbekistan's region of Karakalpakstan is developing three cryptocurrency mining facilities and three data centers with a combined investment of $5.1 billion, as the region seeks to attract larger and higher-quality investments.
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment