Connect with us

Business News

Why Is The TAPI Pipeline So Important For India And Other Asian Nations?

Published

on

A presentation on the TAPI gas pipeline was delivered by Turkmenistan at the United Nations Development Program headquartered at New York. TAPI pipeline is a highly ambitious gas pipeline project between Turkmenistan, Afghanistan, Pakistan, and India which aims at establishing new great energy silk route. This energy route will give access to modern, sustainable and reliable energy to member states.

The event at which the presentation was delivered was organized by the Permanent Mission of Turkmenistan to the UN. It was facilitated by Afghanistan, Pakistan and India. Turkmenistan envisages this gas pipeline project as a great energy silk route that will connect the regions of Southern Central Asia.

The chairman of the TAPI pipeline company said at the presentation that this strategic gas pipeline project will not only solve the issue of energy needs but also generate innumerable jobs and will solve the concerns of regional energy security.

Officials from India, Afghanistan and Pakistan were convinced by the fact that this pipeline project will indeed hold a great significance for their respective economic interests and their energy needs. The pipeline will also lead to the generation of employment in these nations, develop infrastructure and eventually lead to the multilateral security of South Asia as well as central Asia.

For the finances of the TAPI gas line project, several meetings have already been held with a number of export credit agencies. Even the Asian Development Bank has expressed interest to finance the TAPI pipeline. The Asian Development Bank looks to finance the project in terms of sovereign financing and direct financing. The sovereign financing will cover the part of the equity capital for the project. The total expenditure as per one of the estimates is around $7 billion.

The TAPI pipeline promises to be of a great strategic significance of Asia in terms of energy requirements as well as for opportunities of employment generation and infrastructure development.

More News at EurAsian Times

Advertisement
Advertisement

Facebook

FEATURED

US-China-Trade-War US-China-Trade-War
Asia Pacific60 mins ago

Chinese Navigation System Beidou Has Surpassed US’ GPS In Over 165 Countries : Reports

The vanguard of navigation systems, the US’ Global Positioning System (GPS), is losing its dominance to China’s Beidou satellite navigation...

putin-russia putin-russia
EurAsian Region2 hours ago

Russia Ready For Doomsday, Its ‘Deeply Buried’, Underground Nuclear Command Bunker Is Almost Complete

In a high-profile meeting held at the Kremlin on 11 November, Russian President Vladimir Putin discussed the completion of a...

CHINA-TANKS CHINA-TANKS
Americas2 hours ago

TANK FOR SALE: A Grizzly Variant of Sherman Tank Goes Under The Hammer, Fetching Up To $500,000

Yes, a 1943 M4A1 Grizzly, an adaptation of the Sherman medium tank that was built in Canada in late 1943,...

jet jet
Featured3 hours ago

Why AMRAAM-ER, The World’s Most Powerful Beyond Visual Range (BVR) Missile Can Be A Game Changer In The Middle-East?

 The Middle East is clearly witnessing an arms race. The United Arab Emirates (UAE) will soon become the first country...

INDIA-USA-CHINA INDIA-USA-CHINA
Featured5 hours ago

China Adopting US’ “Disruptive Strategy” Against India As Ladakh Border Tensions Remain Unresolved

India is one of the worst-hit countries by the Covid-19 pandemic, with its economy entering a ‘technical recession’ phase. The...

TAIWAN-CHINA TAIWAN-CHINA
Asia Pacific5 hours ago

Taiwan Counters Chinese Threats By Inaugurating Indigenous Submarines That Will Be Equipped With Deadly Harpoon Missiles

In a bid to safeguard the island territory from mainland China, Taiwan’s President Tsai Ing-wen vowed to protect the sovereignty...

Featured6 hours ago

Israel Wants Pakistan’s Nuclear Teeth Broken & Saudi Arabia Could Land The First Punch

OPED By Haider Abbas

nato nato
Americas15 hours ago

The Wrong Move: NATO Chief Warns Of ‘Imminent Threats’ Of Pulling-Out From Afghanistan

Speaking at the virtually held 2020 Afghanistan Donors’ Conference, NATO Secretary-General Jens Stoltenberg said the mission had already significantly ‘adjusted’...

f-35-f-22-usa f-35-f-22-usa
Expert Reviews15 hours ago

Battle Of Stealth Brothers: Why US’ F-22 Raptors Can Decimate F-35 Jets In One-On-One Encounter?

Amid the race to built sixth-generation fighter jets by a host of countries including the United States, the United Kingdom,...

f35 f35
Americas17 hours ago

Lockheed Martin Awarded Contract To Integrate AARGM-ER Missiles With USAF’ F-35A Jets

The US Air Force is moving closer to the integration of an advanced air-defense busting missile to its newest F-35A...

Advertisement
Advertisement