Transformation of Caspian Sea Region Into Energy Hub Gaining Momentum (Part One)

Executive Summary:

• Kazakhstan, Azerbaijan, and Uzbekistan have formed a plan for the transmission of green energy to the European Union via the Caspian Sea.
• The use of Caspian routes to transport energy to Europe has increased following Russia’s full-scale invasion of Ukraine and the subsequent loss of access to European markets.
• The countries of Central Asia and the Caucasus hope to leverage their wealth of natural resources and advantageous geography to transform the Caspian Sea region into a major hub for satisfying Europe’s…