ISLAMABAD: All member countries are likely to finalize modalities soon for multi-billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas project that would serve as energy lifeline across Central and South Asia.
This was stated by Ambassador of Turkmenistan Sapr Berdiniyazov while delivering a lecture on "Socio-Economic and Cultural Development of Turkmenistan" at Quaid-i-Azam University (QAU).
The lecture was jointly organized by Society of Asian Civilizations and Department of History, QAU.
The ambassador said that different technical agreements for user, buyer, and transistor are at the final stage while modalities to establish a consortium are being negotiated to construct the energy lifeline across Central and South Asia.
Sapr Berdiniyazov said being one of the major energy exporters Turkmenistan is exporting its oil, gas and electricity to Russian Federation, Ukraine, Iran, Afghanistan and Turkey through existing pipelines.
He said the bilateral economic relations of Pakistan and Turkmenistan focus on realization of the TAPI gas pipeline project.
"The 1,735 km long TAPI gas pipeline is expected to transport Turkmen natural gas in the volume of 30 billion cubic meters annually," he said.
The construction of this gas pipeline will address the critical, social and humanitarian issues such as creation of new jobs, development of social infrastructure along the pipeline route and more important to maintain and enhance political stability in the region.
Comments
Comments are closed for this article.