Live
- GMR Airports Unveils AI-Powered Digital Twin Platform to Transform Airport Operations
- India poised to become leading maritime player: PM Modi
- Top Causes of Kidney Stones and How to Recognize Silent Symptoms
- India’s renewable energy capacity logs 14.2 pc growth at 213.7 GW
- Winter Session of Odisha Assembly adjourned sine die
- Biden calls Trump's tariff approach 'major mistake'
- After Drama Over Eknath Shinde’s Chief Minister Race, Maharashtra Cabinet Formation Faces New Tensions
- Egyptian FM, Blinken discuss recent developments in Syria
- Iran's supreme leader says Syria's developments result of US-Israeli 'plot'
- Elon Musk to Purchase $100 Million Luxury Mansion Next to Donald Trump's Mar-a-Lago, Report Reveals
Turkmenistan begins work on TAPI project
Turkmenistan on Sunday started work on its part of a natural gas pipeline to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to reduce its dependence on gas sales to Russia and China.
Mary, Turkmenistan : Turkmenistan on Sunday started work on its part of a natural gas pipeline to Afghanistan, Pakistan and India (TAPI), a $10 billion project designed to reduce its dependence on gas sales to Russia and China.
To complete gas pipeline by Dec 2019
The ground-breaking ceremony took place near the city of Mary in the southeastern part of the central Asian country, close to the giant Galkynysh gas field which is meant to provide gas for the 1,814-kilometre (1,127-mile) link.
"By December 2019, the pipeline will be completed. It will have a capacity of 33 billion cubic metres," Turkmen President Kurbanguly Berdymukhamedov said at the ceremony also attended by Afghan President Ashraf Ghani, Pakistan Prime Minister Nawaz Sharif and Indian Vice President Hamid Ansari.
Although it is backed by hydrocarbon resources, the TAPI project faces several risks, such as the deteriorating security situation in Afghanistan and lack of clarity about its financing.
TAPI's construction is led by state gas firm Turkmengas and none of global energy majors have so far committed to the project that will cost as much as a third of Turkmenistan's total 2016 budget.
