ADB: Turkmen Gas Comes Closer to South Asian Market
On May 23, India’s GAIL Ltd. and Pakistan's Inter State Gas System Ltd. signed gas sales and purchase agreements with Turkmenistan to supply up to 90 million cubic meters of natural gas a day via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline, marking an unprecedented new chapter in regional relations, Asian Development Bank said. A gas sales and purchase agreement between Afghanistan and Turkmenistan will be finalized shortly. The next step is for the four TAPI nations to find commercial partners to build, finance, and operate the pipeline, estimated in 2008 to cost at least $7.6 billion.
Trans-Caspian and Trans-Afghanistan Gas Pipeline Projects Will Turn Turkmenistan into Energy Power – US State Department
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