Turkmenistan, ADB Discuss Implementation of TAPI Project

BUSINESS TURKMENISTAN
Turkmenistan, ADB Discuss Implementation of TAPI Project
The parties mainly discussed the implementation of TAPI gas pipeline project.

A meeting with representatives of the Asian Development Bank (ADB) led by the bank’s Director General for Central and West Asia Werner Lipak was held at the Ministry of Foreign Affairs of Turkmenistan in a video conference format on Thursday. The meeting focused on the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.

According to the TDH news agency’s report, the meeting participants emphasized the effectiveness of the long-term cooperation of Turkmenistan with the ADB, particularly in the fields of energy and transport, as well as in support of the private sector and investment partnership.

The parties mainly discussed the implementation of TAPI gas pipeline project. The officials highlighted the importance of the project, designed to have a positive effect on regional economic integration and on socio-economic development in the Eurasian space.

The sides also discussed the joint implementation of the North-South railway project and the partnership in the power sector. The parties also outlined the priority areas of cooperation for the next year.

After completion, the 1840-kilometer TAPI gas pipeline will be able to deliver 33 billion cubic meters of Turkmen natural gas annually to South Asian countries.