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Trans-Afghan gas pipeline agreement signed
:) - 28.12.2002 15:49
UPI reckons Afghanistan, Pakistan and Turkmenistan have agreed to build a $2 billion gas pipeline that cuts across the three nations.
Blimey that was quick! 477 miles of pipeline will be laid across Afghanistan.
Afghan President Karzai called the project one "for the next generations" and "important for the energy consumption of the three countries and the whole region."
A consortium for the pipeline construction will be formed during a trilateral summit in September 2003. The consortium will include large oil- and-gas companies and financial institutes.
In 1996, U.S. energy giant Unocal Corp., Delta Oil Company of Saudi Arabia, Russia's Gazprom and Turkmenistan's Turkmenrusgaz formed a consortium to build a natural gas pipeline from Turkmenistan to Pakistan via Afghanistan. The pipeline proposed by the defunct consortium would stretch nearly 900 miles from Turkmenistan's Davletabad field, across Afghanistan, to central Pakistan.
Unocal Corp. has said it has no plans to participate in the revived project. In the meantime Japanese conglomerate Itochu has expressed interest in participating in the project.
 http://www.upi.com/view.cfm?StoryID=20021227-015124-6021r
 Website: http://www.upi.com/view.cfm?StoryID=20021227-015124-6021r
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