Turkmenistan successfully completed its section of the TAPI pipeline
| Global Trade | Economic Downturn |
Updated By: History Editorial Network (HEN)
Published: | Updated:
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Turkmenistan successfully completed its section of the TAPI pipeline, connecting its gas fields to the Afghan border, a crucial phase in a transnational energy project. The TAPI pipeline—Turkmenistan-Afghanistan-Pakistan-India—aims to transport Turkmen natural gas over 1,800 kilometers to growing energy markets in South Asia.
The project promises economic and geopolitical benefits. Turkmenistan, which holds the world's fourth-largest reserves of natural gas, seeks diversification of its export routes, reducing dependency on Russia and China. The pipeline's capacity is projected to be 33 billion cubic meters of gas annually.
In Afghanistan, a country significantly affected by conflict, the TAPI pipeline symbolizes potential for economic stabilization and job creation. The Afghan government anticipates transit fees and community developments along the pipeline route. Two dollars per cubic meter is the expected benefit for Afghanistan, translating to millions annually. Similar benefits extend to Pakistan and India, both capturing transit fees and facilitating energy access to power their rapidly growing economies.
Despite the completed segment in Turkmenistan, sections in Afghanistan and Pakistan were still under construction. Security concerns, delayed investments, and regional geopolitical challenges have hampered progress. In Pakistan, land acquisition issues and regulatory hurdles remain, while security in Afghanistan presents a substantial obstacle to timely completion.
The Asian Development Bank has been a key supporter, providing technical and financial backing. Multilateral cooperation among the four nations involved is pivotal for overcoming obstacles and ensuring the pipeline's success.
By ensuring its segment was completed, Turkmenistan reaffirms its commitment to the TAPI project, highlighting a broader agenda of regional economic cooperation and energy security. The successful completion of the pipeline remains contingent on the resolution of construction and security challenges in neighboring nations.
#EnergyDiplomacy #RegionalCooperation #EconomicDevelopment #TurkmenistanEnergy #PipelineProject #MoofLife
Primary Reference: Turkmenistan - Wikipedia
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