Russian Deputy Prime Minister Igor Sechin said in October that its gas export monopoly, OAO Gazprom, might join TAPI venture. - AFP photo

DUSHANBE: Russia is ready to invest hundreds of millions of dollars to join high- voltage power line and gas pipeline projects in central Asia, President Dmitry Medvedev said in Tajik capital of Dushanbe.

Pakistan, Afghanistan and Tajikistan welcome Russias interest in a gas pipeline project across the countries to India, according to a joint statement signed by Medvedev and the countries Presidents here Friday after a summit with Pakistan President Asif Ali Zardari, Afghan President Hamid Karzai and Tajik President Emomali Rakhmon. It also called for accelerated construction of the CASA-1000 power project.

Afghanistan is seeking to develop the country as a bridge for energy supplies from Central Asian hydro-electric and gas resources to power-hungry economies of Pakistan & India. U.S. has supported efforts, seeking to stabilize the country before pulling out its major combat forces, a step it plans for 2014.

Tajikistan seeks to export electricity to Afghanistan through a 220-kilovolt power line that will form backbone of CASA-1000 project. Afghan officials said the line will be extended to Pakistan, whose 180 million people face electricity shortages of 3 to 4 gigawatts per day, leading to blackouts that have lasted for 12 hours in cities.

In December, President Karzai, President Zardari and officials from India & Turkmenistan signed an agreement to build a 1700-kilometer gas pipeline from Turkmenistans gas fields.

TAPI project faces war zones and insurgency along the route through Afghanistan & Pakistan. Russian Deputy Prime Minister Igor Sechin said in October that its gas export monopoly, OAO Gazprom, might join TAPI venture.

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

Opinion

Editorial

Ties with Tehran
Updated 24 Apr, 2024

Ties with Tehran

Tomorrow, if ties between Washington and Beijing nosedive, and the US asks Pakistan to reconsider CPEC, will we comply?
Working together
24 Apr, 2024

Working together

PAKISTAN’S democracy seems adrift, and no one understands this better than our politicians. The system has gone...
Farmers’ anxiety
24 Apr, 2024

Farmers’ anxiety

WHEAT prices in Punjab have plummeted far below the minimum support price owing to a bumper harvest, reckless...
By-election trends
Updated 23 Apr, 2024

By-election trends

Unless the culture of violence and rigging is rooted out, the credibility of the electoral process in Pakistan will continue to remain under a cloud.
Privatising PIA
23 Apr, 2024

Privatising PIA

FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national...
Suffering in captivity
23 Apr, 2024

Suffering in captivity

YET another animal — a lioness — is critically ill at the Karachi Zoo. The feline, emaciated and barely able to...