Trans-Caspian Gas Pipeline
Caspian oil and gas in a world of plenty
Back in the 1990s, there was a gold-rush atmosphere about the Caspian Sea, which was proclaimed as the next Alaska or North Sea in terms of its oil and gas potential. But exploitation of these riches was hobbled by territorial disputes between the littoral states Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. Now the end of this stalemate could be in sight, but the oil and gas market has moved on.
Caspian states jockey for position over its status as sea or lake
The region around the Caspian Sea plays a role in many of the world’s most daunting challenges. From the rise of Islamic extremism to Russia’s resurgence to Iran’s renewed assertiveness, the largest enclosed body of water on earth figures in the problems’ address book. It is rich in natural resources and sandwiched between two of the globe’s most energy hungry mark...