A map showing the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.—File Photo

NEW DELHI: Turkmenistan, holder of the world’s fourth-largest natural gas reserves, expects to start constructing a pipeline to export gas to South Asian nations in 2017, a senior government official said on Sunday.

“Turkmenistan can construct its pipeline in its own territory in three years, but for other countries, it depends on their participation,” Kakageldy Abdullaev, Acting Minister of the Oil and Gas Industry, told reporters on the sidelines of the Petrotech energy conference.

Ex-Soviet Turkmenistan agreed in May to supply natural gas to Pakistan and India via Afghanistan by signing gas sales and purchase agreements with Pakistan’s Inter State Gas Systems and Indian state-run utility GAIL.

It recently held roadshows for investors willing to take part in the US-backed, 1,735-km TAPI pipeline.

“The companies that we have met, they have no objection to financing,” Abdullaev said, but declined to say how many investors had made commitments.

He said on Monday that Bangladesh had asked to join the TAPI project.

“There was a request from Bangladesh to join the project. We require an official note which will be considered by all the four governments of the project,” Abdullaev said.

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

Opinion

Editorial

Under siege
Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...
Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...