Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Turkmenistan officials due in Afghanistan as Taliban back TAPI gas pipeline

Published 10/27/2021, 04:39 AM
Updated 10/27/2021, 05:01 AM
© Reuters. FILE PHOTO: Workers stand near a gas pipe during the launching ceremony of construction work of the TAPI project on the Afghan section of a natural gas pipeline that will link Turkmenistan through Afghanistan to Pakistan and India, near the town of Serhet

KABUL (Reuters) - Officials from Turkmenistan will visit Kabul this week to discuss continuing work on the TAPI pipeline linking the energy-rich Central Asian country through Afghanistan to Pakistan and India, the Taliban government said on Wednesday.

The pipeline is expected to carry 33 billion cubic meters (bcm) of natural gas each year along a route stretching 1,800 km (1,125 miles) from Galkynysh, the world's second-biggest gas field, to the Indian city of Fazilka near the Pakistan border.

"We have been working hard for some time and we are ready to take pride in starting work on the TAPI project," Mohammad Issa Akhund, the acting minister of mines and petroleum in the new Taliban government, said in a statement.

The Afghan stretch of the pipeline will run from the northwestern border with Turkmenistan, south through the western city of Herat to Kandahar near the border with Pakistan.

Akhund met the ambassador of Turkmenistan ahead of a two-day visit by a delegation from the country that will start from Saturday, the statement said.

The project was launched in Afghanistan in 2018, when the Taliban was fighting the Western-backed government in Kabul, but it pledged its cooperation for a project it hailed as a key future element of the economic infrastructure.

Afghanistan, which suffers chronic energy shortages, is expected to take 5% of the gas itself, with the rest divided equally between Pakistan and India. In addition, Kabul should earn hundreds of millions of dollars in transit fees.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.