Russia signed the draft convention on the legal status of the Caspian Sea on 21 June, and the five Caspian littoral states – Russia, Kazakhstan, Azerbaijan, Turkmenistan and Iran – are expected to ratify it at a summit on 12 August in Aktau, Kazakhstan.
Russia’s support for the convention came as a surprise because it would potentially allow the Trans-Caspian Pipeline (TCP) project to go ahead, if economic feasibility hurdles are cleared. The TCP would enable gas from Turkmenistan to reach markets in Europe, something that...
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