Business Daily from THE HINDU group of publications
Thursday, Aug 24, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Petroleum
Industry & Economy - Infrastructure
India to join Turkmenistan-Afghanistan-Pakistan pipeline project

Richa Mishra
Raghuvir Srinivasan

High-level team to participate in September meeting

New Delhi/Chennai , Aug. 23

Even as the proposed Iran-Pakistan-India natural gas pipeline is stuck over pricing, India is all set to join the Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project. A top official said India, which is looking for alternative sources of gas, would participate in the TAP meeting scheduled for September to join as a partner in the project.

A high-level team of the Petroleum Ministry is expected to participate in the meeting. Some of the issues, which are likely to be discussed, include finalising amendments to the inter-governmental and framework agreements of the project. Though TAP is not being considered as an alternative to the Iran-Pakistan-India pipeline, it would be easier to implement as it is supported by the Asian Development Bank (ADB). In mid-February, the Steering Committee of TAP had given India three months' time for submitting a formal request to join the $3.3-billion project. The feasibility report has been prepared by ADB, which is the lead development partner.

TAP is expected to transport 100 mmscmd (million standard cubic metres per day) of gas, of which India's share at best is likely to be 60 mmscmd. The Union Cabinet had in May approved participation of India in the TAP natural gas pipeline project. With this participation TAP would become TAPI - Turkmenistan, Afghanistan, Pakistan and India. The Cabinet had authorised the Ministry of Petroleum and Natural Gas to submit a formal request to join the project to the governments of Afghanistan, Pakistan and Turkmenistan, a process, which was facilitated by the ADB.

The proposed pipeline would stretch from the Turkmenistan/Afghanistan border in south-eastern Turkmenistan to Multan, Pakistan (1,271 km), with a 640-km extension to India. The proposed pipeline will carry natural gas from the Dauletabad Field in south-eastern Turkmenistan.

More Stories on : Petroleum | Infrastructure

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



PNB

Stories in this Section
Signals point to weakening trend in monsoon


TRAI for limiting no. of 3G operators; COAI moots `beauty contest'
40 pc pre-paid subscribers not verified by cos
e-GoM removes cap on SEZs
India to join Turkmenistan-Afghanistan-Pakistan pipeline project
Govt to wait for `opportune time' to offload residual stake in Maruti
Tatas buy 30 pc of US beverage co for $677 m
Bill gives Govt powers to supercede bank boards
RDB Ind up on strategic move?
RBI nominees to stay on PSB boards
Primary market set to witness huge inflows


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line