Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
India, Pak agree on US-backed TAPI gas pipeline project | India and Pakistan have reportedly agreed to sign a 7.6 billion-dollar
US-backed trans-Afghanistan gas pipeline project. The U.S. has, for almost 20
years, supported the plan to pipe natural gas over 1,100 miles from Turkmenistan
via Afghanistan to Pakistan and India , commonly known as the TAPI pipeline. But
the project was delayed because of the Taliban insurgency in Afghanistan and commercial
disagreements between the partners. According to The Wall Street Journal, despite
security concerns, the countries involved have continued to push forward. On Wednesday,
state-owned energy companies from India and Pakistan will sign a 20-year agreement
with Turkmenistan to purchase up to 33 billion cubic meters of gas a year via
the pipeline, the paper quoted Muhammad Ejaz Chaudhry, secretary of Pakistan's
Ministry of Petroleum and Natural Resources, as saying. The signing, which will
take place in Turkmenistan, is backed by the Asian Development Bank, which is
funding a small part of the project and helped to broker Wednesday's deal. According
to the paper, the project will offer US a way to further isolate Iran , which
is trying to build its own gas pipeline to Pakistan . It also could help deepen
economic ties between India and Pakistan, countries that Washington wants to
see cooperate more to help forge stability in the region, particularly Afghanistan. |
|
|
|
|
|