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

Anti-women state
Updated 25 Nov, 2024

Anti-women state

GLOBALLY, women are tormented by the worst tools of exploitation: rape, sexual abuse, GBV, IPV, and more are among...
IT sector concerns
25 Nov, 2024

IT sector concerns

PRIME Minister Shehbaz Sharif’s ambitious plan to increase Pakistan’s IT exports from $3.2bn to $25bn in the ...
Israel’s war crimes
25 Nov, 2024

Israel’s war crimes

WHILE some powerful states are shielding Israel from censure, the court of global opinion is quite clear: there is...
Short-changed?
Updated 24 Nov, 2024

Short-changed?

As nations continue to argue, the international community must recognise that climate finance is not merely about numbers.
Overblown ‘threat’
24 Nov, 2024

Overblown ‘threat’

ON the eve of the PTI’s ‘do or die’ protest in the federal capital, there seemed to be little evidence of the...
Exclusive politics
24 Nov, 2024

Exclusive politics

THERE has been a gradual erasure of the voices of most marginalised groups from Pakistan’s mainstream political...