In 2001 the initial Caspian Regional Stakeholder Analysis was commissioned with the objective of identifying major stakeholder groups, their interests and impact on the Caspian environment. Also identification of potential conflicts between stakeholder groups was a key task of the initial study. In summer 2004 this follow-up study was conducted in order to observe trends in stakeholder interests, perceptions and concerns as they pertain to activities of the Caspian Environment Programme.