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Turkmenistan and Pakistan intend to independently finance the construction of the TAPI gas pipeline (Turkmenistan-Afghanistan-Pakistan-India) to transport Turkmen gas to Europe, according to a statement made by Pakistani Minister, Musadiq Malik, who said the decision was driven by the international community's reluctance to recognize the Afghan government, which has stalled foreign funding. "Turkmenistan, rich in gas reserves and currently only selling to China, has considered exporting its gas to Europe via an LNG train," Malik was quoted as saying by the Profit portal. The minister also talked about the idea of exporting Turkmen gas to the EU via Pakistan. According to this plan, the gas would be piped to Pakistan, and then transported to Europe by rail. According to previous agreements, the $10 billion TAPI gas pipeline project was to be 30% financed ($3 billion) by the participants, and 70% ($7 billion) by loans from international financial institutions. Of the 30% to be allocated by the participating countries, 85% ($2.55 billion) was from to Turkmenistan, and the other 5% ($150 million each) from Afghanistan, Pakistan and India.
KABUL (TCA) — China has reportedly looked into the possibility of expanding the China-Pakistan Economic Corridor (CPEC) to war-ravaged Afghanistan, Russia’s Sputnik news agency reported. Continue reading
KABUL (TCA) — Islamabad is interested in establishing peace in neighboring Afghanistan, as it would bring in dividends to Pakistan’s economy. We are republishing the following article on the issue, written by Farhan Zahid: Continue reading
ASHGABAT (TCA) — Turkmenistan’s Foreign Ministry reports that on March 12, a delegation of Turkmenistan headed by the Minister of Foreign Affairs visited Pakistan. The Turkmen delegation was received by President of Pakistan Mr. Arif Alvi. During the meeting, a high level of cooperation between the two states in the political, diplomatic, trade, economic, cultural and humanitarian spheres was noted. Special attention was paid to expanding the Turkmen-Pakistan economic partnership, including in the implementation of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline (TAPI) construction project, power and fiber-optic communication lines along the Turkmenistan-Afghanistan-Pakistan (TAP) route, as well as the creation of new transport corridors. During the meeting with the Prime Minister of Pakistan, Mr. Imran Khan, a thorough exchange of views took place on the current state and prospects for the development of Turkmen-Pakistani cooperation. The gas and transport and communication sectors were mentioned as priority areas for trade and economic partnership. At the same time, the head of the Government of Pakistan expressed strong support for the TAPI project, the construction of the TAP transmission line, and the creation of a new transport and transit corridor from the seaports of Pakistan to the international seaport of Turkmenbashi in Turkmenistan. Following the visit, the two countries signed the Memorandum of Understanding between the Chamber of Commerce and Industry of Turkmenistan and the Federation of Chambers of Commerce and Industry of Pakistan on the establishment of the Turkmen-Pakistan Joint Business Council, and the main conditions of the Agreement with the Government of the host country of the project of construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline.
KABUL (TCA) — Afghanistan and India on March 11 opened another air freight corridor connecting Herat to New Delhi, Russia’s Sputnik news agency reported. Continue reading
KABUL (TCA) — Turkish President Recep Tayyip Erdogan says his country will host the leaders of Pakistan and Afghanistan as part of efforts to end the Afghan Taliban's 17-year insurgency, RFE/RL reported. Continue reading
