The European Bank for Reconstruction and Development (EBRD) has highlighted the need for Turkmenistan to diversify its gas export markets to ensure sustained economic growth.
The European Bank for Reconstruction and Development (EBRD) has highlighted the need for Turkmenistan to diversify its gas export markets to ensure sustained economic growth.
In its latest outlook, the bank noted that over 70% of Turkmenistan's gas exports are directed to China, creating economic vulnerabilities tied to this heavy reliance.
Recent developments, including a memorandum of understanding with Türkiye, signal potential access to European Union markets. Additionally, progress on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline could open avenues in the growing South Asian energy market, the EBRD report noted.
The bank also underscored the significance of Turkmenistan's new energy-saving legislation, introduced this year. The law aims to enhance energy efficiency through advanced technologies, resource optimization, and strengthened energy savings, paving the way for more sustainable growth in the energy sector.
Looking ahead, the EBRD projects Turkmenistan's GDP growth at 6.3% for both 2024 and 2025. Official data shows the economy expanded by 6.3% year-on-year in the first seven months of 2024, driven by investments in infrastructure, energy, and services, as well as government-led initiatives boosting construction and service activities.
Georgian Prime Minister Irakli Kobakhidze visits Turkmenistan to enhance bilateral ties, discuss trade, transport, and energy, and advance the Middle Corridor project.
The Asian Development Bank (ADB) has announced plans to provide technical assistance for a project titled "Integrated Solutions in Renewable Energy to Support the 'Green' Transformation in Turkmenistan" .
China’s Foreign Minister Wang Yi has expressed a strong commitment to expanding energy cooperation with Turkmenistan, a move that underscores the growing strategic importance of Central Asia in China's energy security and foreign policy.
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
Kyrgyz and Azerbaijani cultural ministers signed a 2025–2026 roadmap to deepen bilateral cooperation during a meeting in Bishkek.
On April 23, President Ilham Aliyev of Azerbaijan and President Xi Jinping of China convened an expanded meeting at the Great Hall of the People in Beijing.
The Holy Fire ceremony stands as one of Christianity's most enduring and mysterious rituals, drawing thousands of pilgrims to Jerusalem each year.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis, the first Latin American pope and a transformative figure in the Roman Catholic Church, has passed away at the age of 88, the Vatican confirmed in a video statement on Monday.
Kyrgyz and Azerbaijani cultural ministers signed a 2025–2026 roadmap to deepen bilateral cooperation during a meeting in Bishkek.
Kazakhstan and Russia are set to launch 27 new joint projects worth $8 billion, signalling a notable expansion in bilateral economic cooperation.
Azerbaijan's Minister of Culture Adil Karimli met his Kyrgyz counterpart Mirbek Mambetaliev in Bishkek to discuss cultural collaboration, highlighting key initiatives like the Kyrgyz Culture Days in Baku and joint projects like the new school in Aghdam.
Azerbaijan and Algeria held their second round of political consultations in Algiers on Monday, led by Azerbaijan's Deputy Foreign Minister Yalchin Rafiyev and Algeria’s Secretary General of Foreign Affairs Lounes Magramane.
Indian Prime Minister Narendra Modi arrived in Jeddah on Tuesday for a two-day visit aimed at strengthening economic, energy, and diaspora-related ties with Saudi Arabia.
On April 23, a ceremony for the signing of documents between Azerbaijan and China was held in Beijing, with the participation of Ilham Aliyev, President of the Republic of Azerbaijan, and Xi Jinping, President of the People’s Republic of China.
Beijing has criticized Washington's pressure tactics, warning that threats and coercion are not conducive to resolving trade tensions between the two countries.
Kyrgyz and Azerbaijani cultural ministers signed a 2025–2026 roadmap to deepen bilateral cooperation during a meeting in Bishkek.
On April 23, President Ilham Aliyev of Azerbaijan and President Xi Jinping of China convened an expanded meeting at the Great Hall of the People in Beijing.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment