New Delhi is moving close to an agreement on a transit fee paid to Pakistan for natural gas sent through a planned pipeline from Turkmenistan, a minister said. Officials from Pakistan and India have met to discuss terms of the planned Turkmenistan-Afghanistan-Pakistan-India natural gas pipeline. Afghanistan would take on around 490 million cubic feet of natural gas per day while India and Pakistan would split the remaining 2.6 billion cubic feet. Indian Oil Minister S. Jaipal Reddy said his country aims to agree on a transit fee for Pakistan "at the earliest," Bloomberg News reports. Reddy said a transit fee agreement was needed before any formal deal is signed with Turkmenistan. Washington backs TAPI, which has the support of the Asia Development Bank, over a rival project planned from Iran. Tehran maintains its part of that pipeline is completed, though Western sanctions make it difficult for Iran to find new energy customers. Islamabad, meanwhile, said it fears the ongoing war in Afghanistan would undermine progress on TAPI. The 1,057-mile natural gas pipeline from Turkmenistan could go enter into service by 2016.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor