Iran sends reply to U.S. peace plan as tensions persist in Strait of Hormuz
Iran said on Sunday (10 May) that it had sent its response to a U.S. proposal aimed at launching peace talks to end the war, as signs of tentative ...
China Petroleum Engineering has secured a $4.6 billion contract to expand gas infrastructure at Turkmenistan’s Galkynysh field, reinforcing Beijing’s long-term energy partnership with one of its key suppliers.
The agreement forms part of a broader deal between China National Petroleum Corporation (CNPC) and the state-owned Turkmengaz to develop the fourth phase of one of the world’s largest gas fields. The project includes the construction of gas processing facilities and the drilling of new production wells, with work scheduled to begin in 2026 and expected to last just over four years.
The expansion is intended to increase gas supplies to China, which already imports around 30 billion cubic metres annually from Turkmenistan. The new phase is expected to add a further 10 billion cubic metres per year, consolidating China’s position as the principal destination for Turkmen gas exports.
Turkmen authorities say the project will be financed from domestic resources. At the same time, overall cost estimates vary, with some assessments placing the figure at $5.1 billion, indicating that additional infrastructure or related investment may be involved.
China’s reliance on Turkmen gas has been underpinned by a pipeline network operating for more than 16 years. The system currently consists of three lines transporting more than 30 billion cubic metres each year, while a fourth line is planned to significantly expand capacity.
The Galkynysh field, located in eastern Turkmenistan, plays a central role in this partnership. It supplies a substantial share of current exports to China and is also viewed as a potential resource base for future routes towards South Asia and possibly Europe via the Caspian Sea.
Estimates of the field’s reserves highlight its global significance. Consultancy Gaffney Cline places the combined reserves of Galkynysh and nearby structures at around 27.4 trillion cubic metres, while other estimates range between 4 and 14 trillion cubic metres.
Discovered in 2006 and brought into production in 2013, the field has become a cornerstone of Turkmenistan’s energy strategy. Since shifting away from reliance on Russian export routes after 2009, the country has steadily deepened its energy relationship with China, reshaping regional gas flows.
Efforts to end the U.S.-Iran war appeared to stall as the two sides exchanged fire in and around the Strait of Hormuz. A reported CIA assessment suggested Tehran could withstand a U.S. naval blockade for months despite mounting sanctions and renewed Gulf attacks.
British paratroopers and military medics have been deployed to Tristan da Cunha after a suspected hantavirus case was confirmed, as first evacuation flights carrying passengers from the stricken MV Hondius cruise ship left Tenerife for Madrid and Paris.
Russia is holding a significantly scaled-back Victory Day parade in Moscow on 9 May 2026, reflecting heightened security concerns and the ongoing war in Ukraine, now in its fourth year.
Indonesian rescue teams have located two Singaporeans who went missing after Mount Dukono erupted on Friday (8 May) on the island of Halmahera, though authorities say it remains unclear whether they are alive.
The U.S. Defense Department has released dozens of previously classified files on unidentified anomalous phenomena (UAP) on Friday (8 May), following an order from President Donald Trump. U.S. officials described as a push for “unprecedented transparency”.
Iran said on Sunday (10 May) that it had sent its response to a U.S. proposal aimed at launching peace talks to end the war, as signs of tentative movement emerged around the Strait of Hormuz despite renewed security incidents across the Gulf.
Slovak Prime Minister Robert Fico has cited Azerbaijan as an example of what he described as a sovereign foreign policy, recalling remarks made by President Ilham Aliyev during talks in Yerevan, where he sharply criticised resolutions adopted against his country by the European Parliament.
SOCAR has completed the acquisition of a 99.82% stake in Italiana Petroli (IP) from API Holding after receiving all required regulatory approvals.
Fuel exports from Azerbaijan to Armenia are continuing, with eight rail wagons carrying 479 tonnes of diesel fuel dispatched as part of the latest shipment between the two South Caucasus neighbours.
A Kyrgyz–Japanese archaeological expedition has uncovered the remains of a Buddhist temple complex at the medieval settlement of Ak-Beshim, also known as Suyab, in Kyrgyzstan’s Chui Region.
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