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What A New Caspian Sea Accord Will Really Mean

Image by Kmusser

A summit of Caspian Sea littoral states is set for August 12 in Kazakhstan’s port city of Aktau. It is the fifth such summit, but this one is the big one.

After some 22 years and more than 50 meetings of working groups, the five countries — Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan — are reportedly prepared to sign a convention on the legal status of the Caspian Sea.

Russia To Upgrade Caspian Naval Base, New Location

The agreement should resolve many of the issues surrounding the use of the Caspian Sea by the five countries. For more than two decades, these disputes have held up many important projects, notably energy export initiatives such as the proposed Trans-Caspian Pipeline from Turkmenistan to Azerbaijan that would ideally bring Turkmen gas to European markets…

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