India,
Pakistan to sign four-nation gas deal
Thursday December 09, 2010 07:41:11 PM,
IANS
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Islamabad:
India, Pakistan, Afghanistan and Turkmenistan will sign two
cooperative pacts Saturday on a $7.6-billion gas pipeline project
linking the four countries, a media report said Thursday.
The presidents of Pakistan, Afghanistan and Turkmenistan will
attend the signing ceremony in Ashgabat, the capital of
Turkmenistan, while Petroleum Minister Murli Deora will head the
Indian delegation, Geo TV reported.
The 1,640-km Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas
pipeline project, conceived in 1995, was initially designed to
provide gas from Turkmenistan to Pakistan through Afghanistan.
India was invited to join the project in 2008.
The pipeline will connect Pakistan's national gas network near
Multan and Fazilka in the Indian state of Punjab after passing
through Afghanistan and Turkmenistan.
The four countries will ink two agreements covering the
operational aspects of the project, the report said.
The Pakistani cabinet has already approved the project, which will
make available 30 billion cubic meters of gas to the country
annually.
The report said Pakistan is prepared to buy additional gas if
India backs out of the project at any stage.
Turkmenistan has the world's fourth largest proven reserves of gas
and is already providing gas to Russia and China.
After the signing of the agreements, international bids will be
sought from energy companies to launch the project that is likely
to be completed by 2014.
Ashgabat is likely to include the Southern Yoloten-Osman and
Dovletabad gas fields in the project to ensure regular supply.
Pakistan is expected to offer assistance to develop these gas
fields.
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