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.
The world’s seven largest technology companies – Microsoft, Apple, Alphabet, Amazon, Meta, Nvidia and Tesla – collectively reported a net profit...
China’s largest city and global financial hub, Shanghai, has set a new heat record, state media reported on Saturday. Temperatures in the city excee...
Indian Prime Minister Narendra Modi arrived in Japan on Thursday to meet his Japanese counterpart, Shigeru Ishiba, with trade and security high on the...
Relations between Russia and China have reached an “unprecedentedly high level,” Russian President Vladimir Putin said on Saturday, highlighting b...
Spain has condemned the U.S. decision to revoke visas for Palestinian President Mahmoud Abbas and 80 other officials, calling it “unacceptable” an...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 26th of August, covering the latest developments you need to know.
Regional cooperation on Power, Culture and Logistics formed a crucial part of trilateral talks between Azerbaijan, Turkmenistan and Uzbekistan in Turkmenbashi on Friday.
President Kassym-Jomart Tokayev announced that Kazakhstan will host the Central Asian Regional Climate Summit in April 2026, in partnership with United Nations agencies. He also extended an invitation to participants of the Third UN Conference on Landlocked Developing Countries to attend the event.
Today, 6th August, marks the inaugural celebration of the International Day of Awareness of the Special Development Needs and Challenges of Landlocked Developing Countries, whose geographic disadvantage hinders their ability to diversify economies, compete effectively, and join global market.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Relations between Russia and China have reached an “unprecedentedly high level,” Russian President Vladimir Putin said on Saturday, highlighting both the economic and strategic dimensions of the partnership.
Türkiye on Saturday marked the 103rd anniversary of Victory Day, with President Recep Tayyip Erdogan hailing it as a symbol of the nation’s struggle for independence, resilience and freedom.
President of Azerbaijan Ilham Aliyev has arrived in China at the invitation of Chinese President Xi Jinping for a working visit on 30 August.
Brazilian President Luiz Inácio Lula da Silva said on Friday that his government is considering reciprocal tariffs on U.S. goods after Washington imposed a 50% duty on Brazilian imports earlier this month.
Türkiye has decided to bar Israeli vessels from using its ports, forbid Turkish ships from using Israeli ports and impose restrictions on planes entering Turkish airspace, Foreign Minister Hakan Fidan said on Friday(August 29).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment