A delegation from Turkmenistan’s state-owned gas company will be coming here on Monday for bilateral discussions on the gas sales purchase agreement (GSPA) for the Turkmenistan-Afghanistan-Pakistan-India (Tapi) pipeline.

• February 5, 2011

European Union leaders are holding their first ever energy summit today (4 February) but the policy agenda looks likely to take a backseat to pressing issues such as Egypt and the eurozone debt crisis.

• February 4, 2011

India and Iran have resolved a dispute over how it pays for Iranian crude oil with New Delhi agreeing to set up a new mechanism that will route payments through a German bank, a finance ministry official said Friday.

• February 4, 2011

President Barack Obama signed ratification documents for America's new nuclear arms reduction treaty with Russia on Wednesday, clearing the way for the two powers to put the landmark accord into effect.

• February 3, 2011

Greece expects that Azerbaijan will become a major gas supplier, Greek Deputy Foreign Minister Spyros Kouvelis said today in Baku during the third meeting of an Azerbaijani-Greek intergovernmental commission on economic cooperation.

• February 2, 2011

Tectonic changes are occurring not only in the world financial system, trading and investment, energy, geopolitics, and technology; a fundamental transformation is also underway in the way the cities have been managed and regenerated, creating profound implications for mega-cities such as Istanbul. The global population is congregating in our cities. Eighty per cent of the world’s estimated nine billion people in 2050 are expected to live in urban areas. Our cities and urban areas face many challenges from social to health to environmental. The impacts of cities and urban areas are felt in other regions which supply cities with food, water and energy and absorb pollution and waste. However, the proximity of people, businesses and services associated with the very word ‘city’ means that there are also huge opportunities. Indeed, well designed, well managed urban settings offer a key opportunity for sustainable living.

Myriad trends indicate that the current world energy system is far from being sustainable. It will be shaped by rising demand over the long term, dominance of fossil fuels, inaccessible supplies, price volatility, inadequate investment, geopolitical tensions, and climate change. The most pressing decision facing the next generation may be how best to accelerate the transition from a fossil-fuel-based energy system to a system based on climate-friendly energy alternatives. Turkey has emerged as an important actor to reckon with as a consumer, transporter, investor, regional hub, and security provider in world energy and geopolitics. Likewise, Istanbul as a global city and gateway to the world’s major producers and consumers offers so much opportunities for energy investment, conservation, efficiency, distribution and shipment. It also faces serious energy-related challenges including from climate change, congestion, power black-outs, and local pollution. READ MORE

• February 2, 2011

Turkey aspires to possess at least 20 nuclear reactors operating in the country by 2030, a key official from the Ministry of Energy and Natural Resources has said.

• February 1, 2011

Ministry of Economic Regulation (MER) of Kyrgyzstan intends to attract Turkish businessmen to develop the mining sector, as the head of the investment policy of MER Kubat Murzaev stated at a joint Kyrgyz-Turkish Business Forum.

• February 1, 2011