India inks $7.6 billion 4-Nation TAPI pipeline

INVESplineIndia’s Vice President Hamid Ansari, Pakistan Prime Minister Nawaz Sharif, Afghan President Ashraf Ghani and Turkmenistan President Gurbanguly Berdimuhamedow broke ground for the $7.6 billion TAPI pipeline project that will provide India gas to run its power plants. The ceremony took place in the ancient city of Mary, 311 km from Asghabat, which was part of the old Silk Route.

The leaders pushed a button that started the welding process of pipes and later signed the pipe, and a document that was put in a capsule and placed underground.

The TAPI pipeline will carry 90 million standard cubic metres a day of gas for a period of 30 years. India and Pakistan will receive 38 cubic metres each and the rest will be supplied to Afghanistan.

VP Ansari said the four nations need to work together to ensure the viability of the project in its broadest sense.