Four-nation gas deal signed in Turkmenistan
Sunday December 12, 2010 10:33:16 AM,
IANS
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Ashgabat (Turkmenistan): India, Turkmenistan, Afghanistan and Pakistan signed two
cooperative pacts Saturday on a gas pipeline project linking the
four countries.
The four nations signed an inter-government agreement on the
Turkmenistan-Afghanistan-Pakistan-India (TAPI) Natural Gas
Pipeline Framework, as well as a deal on measures to implement the
project in Ashgabat, the capital of Turkmenistan, Xinhua reported.
The presidents of Pakistan, Afghanistan and Turkmenistan attended
the signing ceremony, while Petroleum Minister Murli Deora headed
the Indian delegation.
After the ceremony, Deora said the four sides should handle
several tough issues such as price and safety though the agreement
was signed.
Turkmenistan President Gurbanguly Berdymukhamedov told Xinhua that
after the pipeline with a length of 1,735 km was constructed,
Turkmenistan would send enough natural gas to the other three
countries to meet the needs of their fast developing economy.
However, Berdymukhamedov did not reveal the detailed content of
the agreement.
Afghan President Hamid Karzai said Afghanistan would secure the
construction and operation of the pipeline.
Pakistani President Asif Ali Zardari said the successful
transmission of natural gas would highly promote the economic
development in the three countries, and would also help combat the
terrorism.
According to reports, after the pipeline is built, Turkmenistan
will transport about 33 billion cubic metres of natural gas. The
whole project would cost $4 billion.
The 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.
Turkmenistan has the world's fourth largest proven reserves of gas
and is already providing gas to Russia and China.
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