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

Military convictions
Updated 22 Dec, 2024

Military convictions

Pakistan’s democracy, still finding its feet, cannot afford such compromises on core democratic values.
Need for talks
22 Dec, 2024

Need for talks

FOR a long time now, the country has been in the grip of relentless political uncertainty, featuring the...
Vulnerable vaccinators
22 Dec, 2024

Vulnerable vaccinators

THE campaign to eradicate polio from Pakistan cannot succeed unless the safety of vaccinators and security personnel...
Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...