Turkmenistan begins work on $10bn TAPI gas pipeline

Published
0

ASHGABAT: Energy-rich Turkmenistan’s leader has ordered the start of construction on a pipeline carrying gas from the former Soviet state to India, Pakistan and Afghanistan, the government said on Saturday.

President Gurbanguly Berdymukhamedov ordered state companies Turkmengaz and Turkmengazneftstroi to begin building the isolated republic’s section of the pipeline, state media said.

Overall, the pipeline will stretch 1,800 kilometres (1,100 miles) and is likely to cost more than $10 billion (9.3bn euros).

The Turkmenistan official newspaper also said the government expects the gas link, with an annual capacity of 33bn cubic metres, to be fully operational by the end of 2018.

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) project could help ease growing energy deficits in Asian giants India and Pakistan.

For Turkmenistan, which has been hit by low energy prices and is dependent on China for the vast majority of its gas sales, TAPI is a key opportunity to diversify its exports.

But uncertainty hangs over the costly project. Aside from the risks associated with a link traversing war-torn Afghanistan, the four-country consortium has yet to confirm the participation of a foreign commercial partner willing to help finance it.

Published in Dawn, November 8th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...