Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Turkmenistan pushes ambitious trans-Afghan pipeline  Join our daily free Newsletter

MENAFN - AFP - 18/11/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN - AFP) Turkmenistan is pushing ahead with plans to build a hugely ambitious pipeline to transport its gas through conflict-torn Afghanistan to India and Pakistan, despite concerns about the viability of the project.

Turkmen officials speaking at this week's Oil and Gas Conference in Ashgabat took every opportunity to talk up the pipeline while showing less interest in a similar project that would transport gas across the Caspian Sea to the EU.

The TAPI (Turkmenistan-Afghanistan-Pakistan-India) natural gas pipeline, which is backed by the Asian Development Bank (ADB), is regarded with suspicion as a wildly ambitious pipedream by some analysts.

"The realisation of the TAPI pipeline project will allow an increase in exports of Turkmen gas," President Gurbanguly Berdymukhamedov was quoted as saying in a formal statement for the conference.

Sakhatmurad Mamedov, head of the state-owned company Turkmengaz, announced that the project had been "successfully pushed forward" in roadshows held in September with potential investors in Singapore, New York and London.

"The realisation of the TAPI project will give an impulse to the development of the countries taking part in the project and will also strengthen stability in the region as well as creating new jobs," he said.

The 1,700-kilometre (1,050-mile) pipeline aims to transport more than 30 billion cubic metres of gas annually from Turkmenistan to consumers in Pakistan and India and relieve shortages in Afghanistan.

Turkmenistan in May inked sale-purchase agreements with India and Pakistan for the yet-to-be-built pipeline in a move hailed by the United States as a boost for regional integration.

Much of the pipeline will go through Afghanistan which neighbours both Turkmenistan and Pakistan but remains wracked by violence and instability.

According to the ADB, the TAPI in 2008 was estimated to cost at least 7.6 billion (6.0 billion euros) and the partners now face the task of attracting commercial partners to build, finance, and operate the pipeline.

The project enjoys the support of the United States, which is keen to deter subcontinent states from dependency on energy supplies from its arch foe Iran.

Deputy Assistant Secretary at the US State Department Bureau of South and Central Asian Affairs Lynne Tracy told the conference that Washington welcomed the progress made on the project even if the road ahead was a long one.

"The road ahead is long for this project, but the benefits could be significant and are certainly worthy of the diligence demonstrated by these four countries so far," she said.

She said the project would diversify Turkmenistan's energy market options, provide revenue and jobs for Afghanistan and bring clean fuel to the growing economies of Pakistan and India.

According to British auditors Gaffney, Cline and Associates, Turkmenistan has the second largest gas reserves in the world.

These are being eyed eagerly not just by Asian states but also the EU which wants to reduce its dependence on Russian imports.

Turkmenistan, Azerbaijan and the EU are continuing to negotiate an agreement for construction of a TransCaspian pipeline for exports of Turkmen gas to Europe and the EU's special representative for Central Asia Patricia Flor urged an acceleration of progress.

She said it would be better to sign long term contracts now than in five years time and there was no need to "excessively drag out the talks".

Yet discussion of the TrasnCaspian pipeline, a project that would be a rival for Russia's South Sream, was absent from the speech by Turkmen officials, in contrast to their enthusiasm for the TAPI project.

Tracy said the United States also supports this pipeline and in a veiled reference to Russia said that if Turkmenistan and Azerbaijan agree on a pipeline crossing only their territorial waters, no other country has veto power over that decision.

Turkmenistan is also keen on diversifying its export routes which remain dependent on its former Soviet master Russia with whom it has occasionally had prickly relations and has already begun exporting gas to China.

Berdymukhamedov has embarked on cautious economic reforms and sought to attract foreign investment in the energy sector since becoming president following the death of his eccentric predecessor Saparmurat Niyazov in late 2006.

Yet the country remains one of the world's most isolated states with opaque decision making and Berdymukhamedov has faced criticism for failing to implement extensive political reform after the excesses of the Niyazov era.


  MENA News Headlines
Apr 24 2014Qatar- HH Sheikha Moza Meets Mayor of Kobe Visits RIKEN Research Institution ,Qatar News Agency
(MENAFN - Qatar News Agency) Kobe April 24 - Her Highness Sheikha Moza bint Nasser Chairperson of Qatar Foundation for Education Science and Community Development (QF) today held a meeting with the ...

Apr 24 2014Qatar- Sidra-BMC Event Boosts Biomedical Research Publishing ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - A symposium organised jointly by Sidra Medical Research Centre and BioMed Central (BMC) mulled trends in research and on open access publishing here ...

Apr 24 2014Qatar- Mannai Corp Q1 Net Profit up 73% to QR 150.1 Million ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Exchange listed Mannai Corporation (QE: MCCS) net profit is up 73% to QR 150.1 Million for the first quarter of fiscal year 2014 ending March 31 ...

Apr 24 2014Bahraini firms forecasted to grow 10 pct ,MENAFN
(MENAFN) In a report based on a study of over 650 companies across GCC, Kuwait Financial Centre (Markaz) forecasts a growth of the Bahraini companies' earnings by 10 percent in 2014, Gulf Daily News ...

Apr 24 2014Israeli Army Storms Deir Samit Village West of Hebron ,Qatar News Agency
(MENAFN - Qatar News Agency) bron April 24 - Israeli army forces stormed at dawn Thursday Deir Samit village southwest of Hebron city in the West Bank. The Israeli forces conducted raid and search ...

Apr 24 2014Qatar Airways to add more seats on Doha-Vienna route ,MENAFN
(MENAFN) Qatar Airways plans to offer more 1.700 seats on its Doha-Vienna route beginning from September 2014, according to Gulf News. The company aims to expand the growing passenger demand from ...

Apr 24 2014Qatar- QFC Authority Five-a-Side Football Tournament Kicks Off ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Financial Centre (QFC) Authority's first Five-a-side Football Tournament is displaying dribbling skills of executives from Doha's financial ...

Apr 24 2014Qatar Stock Exchange Down 0.05% ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - The Qatar Exchange ended in the red area when trading closed Thursday at 12954.93 points (0.05%) down 6.63 points from the previous closing of 12961.56 ...

Apr 24 2014Israeli Tanks Enter Gaza Border area ,Qatar News Agency
(MENAFN - Qatar News Agency) Gaza April 24 - Six Israeli military tanks on Thursday entered a border area in the southern Gaza Strip witnesses said. The tanks crossed into Gaza in an area called ...

Apr 24 2014Dubai SME ties up with Taylor Wessing to raise awareness on Intellectual Property and fund-raising among SME100 firms ,MENAFN Press
(MENAFN Press) Dubai SME, the agency of the Department for Economic Development in Dubai mandated to develop the SME sector, have signed a memorandum of understanding (MoU) with the international law ...

Apr 24 2014Mannai Corporation net profit soars 73 percent in Q1 ,MENAFN
(MENAFN) Qatar's Mannai Corporation said that its net profit in the first quarter of this year increased significantly, the Peninsula Qatar reported. The group said that net profit in the period ...

Apr 24 2014Redefining large AOC launches 28€³ MVA monitors ,MENAFN Press
(MENAFN Press) Display specialist AOC launches its first two 28" (71.1 cm) monitors. The m2870Vhe and m2870Vq feature extra-large 16:9 MVA panels with Full HD resolution, wide viewing angles and high ...

Apr 24 2014Finance House Q1 Net Soars 38% to AED 35.51 Million ,MENAFN Press
(MENAFN Press) Finance House PJSC (FH), has kicked-off 2014 on an upbeat note by registering a consolidated net profit of AED 35.51 million for the first quarter of 2014, which is nearly 38% higher ...

Apr 24 2014Mazola launches Sunflower Oil in new 1.8 litre label and packaging ,MENAFN Press
(MENAFN Press) Mazola, one of the leading names in the regional food industry, today announced the launch of its 1.8 litre Sunflower Oil in a brand new pack and label design. The new look perfectly ...

Apr 24 2014Afghan Guard Shoots Dead 3 Foreigners in Hospital ,Qatar News Agency
(MENAFN - Qatar News Agency) Kabul April 24 - Three foreigners including a doctor were shot dead and their colleague wounded when a guard of a private Cure Hospital opened fire on them in the ...

Apr 24 2014Estidama Villa Experience Centre Highlights Benefits of Resource-Efficient Living at Cityscape ,MENAFN Press
(MENAFN Press) The Abu Dhabi Urban Planning Council (UPC) today opened its Estidama villa experience to Cityscape visitors, giving them the chance to explore some of the innovative features designed ...

Apr 24 2014President Salva Kiir Relieves his Chief of the General Staff ,Qatar News Agency
(MENAFN - Qatar News Agency) Juba April 24 -South Sudanese President Salva Kiir relieved Chief of the General Staff of south sudan army James Hoth Mai. This came in a presidential decree aired ...

Apr 24 2014Omani non-oil exports to enter African markets ,MENAFN
(MENAFN) A senior official at the Oman Chamber of Commerce and Industry (OCCI) said that the Sultanate is seeking expansion in new African markets, in a time it is looking forward to reduce its ...

Apr 24 2014Georgian Justice Minister Leaves Doha ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - HE Minister of Justice of Georgia Tia Tsulukiana left Doha on Thursday morning wrapping up a two-day official visit to the country. An agreement on ...

Apr 24 2014Dusit International reasserts its position as one of Asias leading hospitality groups ,MENAFN Press
(MENAFN Press) Dusit International will reassert its position as one of Asia's leading hospitality groups during the upcoming Arabian Travel Market (ATM), with the attendance of COO David Shackleton ...


Arab Advisors_11th convergence conf



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help