Islamabad: The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Project will help curb the supply woes of Pakistan as it will bridge the supply-demand gap by up to 1.3 bcfd through an investment of USD 200 million in the pipeline Capital Expenditure (CAPEX), according to news published in the national dailies on November 29.
This game-changer project will bring prosperity to not only Pakistan but to the whole of South East Asia by supplying 3.2bcfd gas to Pakistan, Afghanistan, and India. The news source mentioned that the project has social and environmental importance as natural gas is a cleaner and safer alternative to diesel and coal-fired power generation.
It was mentioned that an assured supply of natural gas will attract new industries and boost economic activity. This will facilitate a unique level of trade and cooperation across the region along with promoting peace and security. As per the details, Pakistan will get benefits through transit fees for gas transportation to India.
Minister of State for Petroleum Musadik Malik stated that the TAPI gas pipeline project is on track and will be completed within three to four years after achieving financial closing. The minister also announced the expansion of the TAPI gas pipeline to Gwadar.
Moreover, Turkmenistan-Afghanistan-Pakistan Power Transmission Project is also in talks. It will use the same route as TAPI, which will allow to import up to 4,000-megawatt energy from Turkmenistan into Afghanistan and Pakistan.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
