Pakistan and Turkmenistan agreed on Wednesday to fast-track a major pipeline project that will allow the Central Asian state to supply natural gas to Pakistan and India via Afghanistan, thereby enhancing economic activity across the region and benefiting all involved countries.
The understanding between the two states was reached during a meeting between Federal Minister for Petroleum Dr. Musadik Malik and Turkmenistan’s Foreign Affairs Rasit Meredow who arrived on a two-day visit to Islamabad on Tuesday.
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will originate from Galkynysh, the world’s second-biggest gas field, and end at the Indian city of Fazilka near the Pakistan border.
If the project is implemented, it will help Turkmenistan supply about 33 billion cubic meters (bcm) of natural gas each year along a route covering a distance of over 1,800 kilometers.
According to an official statement released by the Ministry of Energy’s Petroleum Division, Pakistan and Turkmenistan are working to “expedite” the pipeline project.
“TAPI pipeline project will lower energy costs, which can boost industrial growth, create jobs and foster economic development,” it quoted Pakistan’s petroleum minister as saying during the meeting. “Reliable and affordable energy supplies are vital for industrial sectors and overall economic stability.”
“This project, aimed at fostering economic integration and energy security, has witnessed substantial progress through collaborative efforts,” he continued, stressing the importance of continued engagement between the two countries.
Malik added Pakistan was fully committed to the project which was vital for regional energy cooperation and infrastructure development.
The visiting dignitary expressed appreciation for the warm welcome extended to his delegation by the Pakistani authorities.
“Together we will chalk out a roadmap for cooperation between both countries,” he added.
The meeting was also attended by the CEO of TAPI Pipeline Company Limited.
Other participants of the meeting emphasized the project’s strategic importance in enhancing regional connectivity, promoting economic growth and meeting the energy demands of participating nations.
The TAPI project was envisaged in the early 1990s and officially agreed upon in December 2010.
It has primarily been delayed due to security concerns, geopolitical tensions, funding challenges and bureaucratic hurdles.