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

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...