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.
"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.
India has concerns relating to the safety of the pipeline and safe transit of gas through restive areas in Afghanistan and Pakistan.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)