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Ashgabat Seeks Investors For Major Pipeline Project

Turkmenistan has said it would try to recruit international investors for a new gas pipeline project that would link Central and South Asia.

The "Neitralny Turkmenistan" newspaper reported that Ashgabad plans to pitch the project to international oil and gas majors and financial institutions in the autumn.

It said Deputy Prime Minister Yagshygeldi Kakayev announced plans on July 27 for "a series of meetings with representatives of leading international oil and gas companies and financial institutions."

In May, Turkmenistan signed agreements with India and Pakistan to deliver gas through the new 1,700-kilometer TAPI (Turkmenistan-Afghanistan-Pakistan-India) natural gas pipeline, the first contracts in the ambitious project.
Based on reporting by AFP and Reuters