LAST_UPDATEFri, 23 Mar 2018 10pm

TAPI Project Economic Boost For Central & South Asia

KUALA LUMPUR -- The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline transnational mega project due to be operational by 2019, would provide a powerful impetus to the economic development of the region, said Turkmenistan Ambassador to Malaysia, Yazkuli Mammedov.

Mammedov said the construction which started in Turkmenistan on Dec 13, 2015 not only would create thousands of new jobs, but would also systematically provide electricity to the region’s countries.

Necessary conditions will also be created for the export of electricity through Afghanistan to Pakistan and other Asian countries through this project, the ambassador said in a statement.

He said the TAPI project entered a new phase of implementation on February 23 this year to mark the start of construction works on the Afghan section. The launching ceremony was attended by leaders and officials from the four countries in Turkmenistan’s Mary province and the Herat province of Afghanistan.

Once completed, the 1,814 kilometres pipeline will transport 33 billion cubic metres of natural gas annually from the Turkmen Galkynysh Gas Field, world’s second-largest natural gas field with reserves exceeding 26.2 trillion cubic metres.

Turkmenistan also holds the world's fourth-largest natural gas reserves, the ambassador said.

The event also saw the launching of the Turkmenistan-Afghanistan-Pakistan (TAP) electricity power and fiber-optic communication lines project, as well as the opening of the newly constructed railroad between Serhetabat (Turkmenistan) and Turgundy (Afghanistan).

Mammedov said the Asian Development Bank, the European Bank for Reconstruction and Development and the Japanese government have expressed their interest in financing the TAPI project.