29 Oct 2024 09:42:34 am
Current Affairs
Turkmenistan–Afghanistan–Pakistan–India (TAPI) Pipeline
Tags :
Turkmenistan–Afghanistan–Pakistan–India (TAPI) Pipeline
Topic: Gas Transportation
Why in the news?
- Afghanistan is set to begin work on the TAPI pipeline.
- The $10-billion natural gas pipeline traversing Turkmenistan, Afghanistan, Pakistan, and India is the most significant development project for Taliban authorities since they seized power in 2021.
Source: The Hindu
About Turkmenistan–Afghanistan–Pakistan–India (TAPI) Pipeline:
- It is a 1,814-kilometre pipeline that aims to transport 33 billion cubic metres of gas from Turkmenistan to Afghanistan, Pakistan and finally, India.
- It is also called the ‘Peace Pipeline’.
- Route:
- It will start from the Galkynysh gas field in Turkmenistan.
- It will then pass through Afghanistan and Pakistan to finally reach the Indian town of Fazilka (near the Indo-Pak border).
- At full capacity, the pipeline will transport 33 billion cubic meters (bcm) of natural gas annually from TKM to respective buyers in AFG (5%), PAK (47.5%) and IND (47.5%) during the 30-year commercial operations period.
- The Project comprises the procurement, installation and operation of the pipeline and related facilities within Afghanistan and Pakistan.
- Financing:
- The TAPI project is being funded by the Asian Development Bank (ADB), which is also acting as transaction adviser for the development.
- Turkmenistan took a loan of $700m from the Islamic Development Bank for financing the project in December 2016.
- The remaining three countries made an initial investment of $200m in the TAPI project.