Issue 19 (2012)
May 17 – 23, 2012
*For Breaking News See Our Blog Sifting the Karakum*
Turkmenistan, which has sought to keep all options open for transporting its energy, has finally committed to a pipeline deal and fulfilled its promises to diversify its gas export routes. On May 23, Turkmenistan signed an agreement for the sale and purchase of natural gas as part of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project. The buyers include State Gas Systems of Pakistan and India's GAIL Ltd., with Afghanistan represented by its Ministry of Mines. The agreement is the result of 20 years of challenging negotiations between all parties and the 1735 kilometer pipeline, which runs an estimated US$7.6 billion, of which one-third will be financed by the Asian Development Bank, is slated for completion in 2018 and will transport 90 million cubic meters of gas per day.
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