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

Press Trust of India  |  Islamabad 

is ready to participate in a between and as it thinks that the ambitious, multi-billion dollar that includes is unlikely to become operational, a top Iranian has said.

The USD 10 billion (TAPI) project will help ease shortages in South

Hamid Reza Araqi, the of the (NIGC) expressed Iran's readiness to participate in the Turkmen to

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

"I see it unlikely for the 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 is the best pathway for from to Pakistan, adding, "We are able to receive Turkmen gas and deliver it to Pakistan."

He said Iran had conveyed its readiness to 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 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 and Pakistan. It will provide energy-hungry 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 and Pakistan.

Under the pipeline project, Pakistan and India will be provided 1.325 each and 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.)

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