You are here: Home » PTI Stories » National » News
Business Standard

Iran ready for Pak-Turkmen gas swap, views TAPI plan as unlikely

Topics
Environment

Press Trust of India  |  Islamabad 

Iran is ready to participate in a gas swap between Pakistan and Turkmenistan as it thinks that the ambitious, multi-billion dollar TAPI gas pipeline that includes India is unlikely to become operational, a top Iranian official has said.

The USD 10 billion TurkmenistanAfghanistanPakistanIndia (TAPI) gas pipeline project will help ease energy shortages in South Asia.

Hamid Reza Araqi, the CEO of the National Iranian Gas Company (NIGC) expressed Iran's readiness to participate in the Turkmen gas swap to Pakistan.

"It is unlikely that the Turkmen gas pipeline to Pakistan will be constructed, and Iran is ready for this swap," Iranian agency FARS quoted Araqi as saying.

"I see it unlikely for the TAPI pipeline to become operational," he said.

Given Iran's location in the centre of the region, "we can join every gas pipeline that passes around the country," he said.

Araqi, who is also the deputy petroleum minister for gas affairs, added that Iran is the best pathway for gas transmission from Turkmenistan to Pakistan, adding, "We are able to receive Turkmen gas and deliver it to Pakistan."

He said Iran had conveyed its readiness to Turkmenistan to export their gas to Pakistan but was yet to receive any response from them.

Turkmenistan, which sits on the world's fourth-largest gas reserves, started building its section of the pipeline in December 2015. The TAPI pipeline will have a capacity to carry 90 million standard cubic metres a day (mmscmd) gas for 30 years and is planned to become operational this year.

The project will bring clean fuel to the growing economies of India and Pakistan. It will provide energy-hungry India gas to run its power plants.

India has concerns relating to the safety of the pipeline and safe transit of gas through restive areas in Afghanistan and Pakistan.

Under the pipeline project, Pakistan and India will be provided 1.325 bcfd gas each and Afghanistan will be getting a share of 0.5 billion cubic feet per day (bcfd) gas.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, May 01 2018. 16:10 IST
RECOMMENDED FOR YOU