facebook
twitter
rss
account
search
search
 

India expected to approve TAPI pipeline

May 18, 2012 at 7:04 AM   |   Comments

NEW DELHI, May 18 (UPI) -- India's state-owned utility company GAIL is expected to sign an agreement next week on a natural gas pipeline planned from Turkmenistan, the government said.

The Cabinet announced that Gas Authority of India Ltd. is permitted to sign a gas sale and purchase agreement with Turkmenistan's national energy company TurrnenGas early next week, The Economic Times of India reports. The GSPA is for natural gas from the Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline.

The United States backs the Turkmenistan-Afghanistan-Pakistan-India natural gas option over an Iranian plan to move gas from the South Pars field in the Persian Gulf.

The Cabinet decision follows a visit to India by U.S. Secretary of State Hillary Clinton who said she won assurances from New Delhi that it would lower the amount of crude oil it purchases from Iran.

Iran is suspected of funding a controversial nuclear program with oil revenue.

Unidentified officials were quoted by the news service as saying natural gas from Turkmenistan would cost less than importing liquefied natural gas from Qatar once TAPI enters into service in the next few years.

TAPI has the backing of the Asia Development Bank.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback