turkmenistan

The Depleting Water Levels of the Caspian Sea: Why the Choice to Hold COP29 in Baku is So Pertinent

The Caspian Sea is gaining increasing centrality in new trade routes between Asia and Europe playing a fundamental role in promoting economic connectivity between the two regions. The conflict in Ukraine and the rising tensions in the Middle East and Red Sea have highlighted the vulnerability of current supply chains for essential commodities. Consequently, it has underscored the potential significance of the Caspian Sea and its surrounding states — especially Azerbaijan, Kazakhstan, and Turkmenistan — whose energy reserves and potentials could help the EU diversify away from reliance on the Russian energy sector. Additionally, these countries are expected to play a crucial role in the Trans-Caspian International Transport Route (TITR), also known as the ‘Middle Corridor.’

Forging Sustainable Transport Connectivity: Enhancing EU-Central Asia Transportation Through the Trans-Caspian Corridor

The EU-Central Asia Investors Forum 2024 is the latest significant development in the EU’s commitment to improve connectivity in Central Asia. Most notably this includes the development of competitive intermodal transport, logistics networks, and to encourage sustainable development initiatives throughout the region. Bringing together high-level leaders and stakeholders from the EU, Central Asian states, the Caucasus, Türkiye, and other international partners, the Forum served as a platform to discuss future prospects for investment and collaboration in various connectivity sectors including digital, energy, and transports. These future investments and collaborations aim to pave the path for innovative methods and strategic partnerships.