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Afghanistan, Pakistan, India agree on gas supply from Turkmenistan

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Turkmenistan, Afghanistan, Pakistan and India have agreed over gas pipeline framework for import of gas from Turkmenistan. The agreement was signed by the Turkmen Minister for Oil and Gas Industry Dr. Baymurad Hojamuhamedov, Afghanistan Minister for Mines Muhammad Ibrahim Adel, Pakistan Minister for Petroleum Khawaja Muhammad Asif and Indian Petroleum Minister Shri Murli Deora here on Thursday.

The project will cost 7.6 billion dollars and will supply 3.2 billion cubec feet of gas per day. Addressing a joint news conference after the signing of agreement, Minister for Petroleum and Natural Resources Khawaja Muhammad Asif said all the four countries are strongly committed to the finalisation of this project.

Answering a question, he said Turkmenistan will provide third party certification of reserves before the next meeting of the Steering Committee of Ministers from the four countries to be held this year in New Delhi. To another question, he said, “they are going ahead with Iran-Pakistan-India gas pipeline project also and there is no question of pressure in this regard. I will discuss matters pertaining to this project tomorrow.”

On this occasion Shri Murli Deora said matters relating to Transit fee of IPI project with Pakistan will be discussed on Friday. Answering a question, the Indian Petroleum Secretary said construction work on the project will start in 2010 and gas supply will begin in 2015.

Resident Director Asian Development Bank Peter Fidon said the project would lead to economic development and alleviation of poverty. Earlier, the four-day meeting of Technical Working Group and the Steering Committee meeting of Ministers from Turkmenistan, Afghanistan, Pakistan and India were held. The meetings discussed various aspects of the project including draft desktop feasibility study update prepared with the support of ADB.-SANA

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Rubab Saleemhttp://www.rubabsaleem.com
Rubab Saleem is Editor of Pakistan Times
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