Business & Economy

TAPI Project Set to Transform Energy Dynamics in South Asia

© AP Photo / Vahid SalemiSections of gas pipes
Sections of gas pipes - Sputnik India, 1920, 28.04.2024
An energy project linking Turkmenistan to India via Afghanistan and Pakistan is set to transform the dynamics in the region, especially with India set to become the world's third-largest economy.
Turkmenistan has taken significant strides toward completing the project, Muhammetmyrat Amanov, the Chief Executive Officer (CEO) of the Turkmenistan–Afghanistan–Pakistan–India (TAPI) Pipeline Company Limited, said on Saturday.
"Turkmenistan is making significant progress on the TAPI natural gas pipeline, which aims to supply 33 billion cubic meters annually to South Asia," Amanov said in his address to the Turkmen Energy Investment Forum (TEIF 2024) being hosted in Paris at present.
He emphasized that the Turkmenistan section of the pipeline has been completed and talks were being held with other stakeholders - Afghanistan, Pakistan, and India to finish the project as early as possible.
Amanov underlined that the project was being executed keeping international emission norms in mind with Turkmenistan focusing on reducing greenhouse gases by expanding the usage of natural gas in Central and South Asia.
The TAPI Gas Pipeline project was first conceptualized in 1995 when a Memorandum of Understanding (MoU) was inked between the then-governments of Pakistan and Turkmenistan.
Subsequently, Afghanistan and India joined the project, realizing that the pipeline would play a key role in ensuring their energy needs.
Construction on the Turkmenistan section began in 2015 while the project kickstarted in Afghanistan and Pakistan in 2018.
Once complete, the pipeline will provide billions of cubic meters of gas to India, Pakistan, and Afghanistan from Turkmenistan's Galkynysh Gas Field.
A cargo ship is docked during the inauguration ceremony of the newly built extension in the port of Chabahar on the Gulf of Oman, southeastern Iran, near the Pakistani border, Sunday, Dec. 3, 2017. - Sputnik India, 1920, 26.04.2024
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