TAPI has potential to transform the future of entire region:US

Image
Press Trust of India Washington
Last Updated : Jul 22 2014 | 7:43 AM IST
The gas pipeline crisscrossing Turkmenistan, Afghanistan, Pakistan and India (TAPI) has the potential to transform the future of the entire region, both South and Central Asia, the United States has said.
"The United States supports TAPI because we believe it has the potential to be transformative for the future of the entire region."
"The TAPI pipeline project is a true multinational effort and, if realised, can serve as an important example of the benefits of greater regional economic connectivity," a State Department Spokesperson told PTI.
Welcoming the signing of the TAPI operation agreement by these four countries in Ashgabat last week, the US has urged them to rope in an international energy company now to take the project forward.
The representative nations signed an Operations Agreement for the TAPI pipeline at the July 8 TAPI Steering Committee Meeting in Ashgabat.
The spokesperson said the United States is pleased to see continuing progress on TAPI, and expressed hope the project can succeed if it is done on a commercially viable, economically-sustainable basis.
"We encourage the TAPI parties to bring an international energy company into the project to work in cooperation with Turkmengaz in the development of the gas supply and serve as commercial champion for the project," the spokesperson said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 22 2014 | 7:43 AM IST

Next Story