$200-mn Pact Inked To Study TAPI Project


Shareholders of the Turkmenistan- Afghanistan-Pakistan-India (TAPI) Pipeline Company Limited signed an agreement to invest $200 million in studies and engineering for the $10 billion project to transport natural gas to energy-hungry countries like India.

The agreement signing ceremony was witnessed by TAPI and senior government officials of Turkmenistan, Afghanistan, Pakistan, India and Asian Development Bank officials in Ashgabat, capital of Turkmenistan, according to a statement by ADB. The agreement would pave the way for delivery of long-term natural gas supplies to Pakistan by addressing its energy shortages. 

About TAPI
The Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI), also known as Trans-Afghanistan Pipeline, is a natural gas pipeline being developed by the Asian Development Bank. The pipeline will transport Caspian Sea natural gas from Turkmenistan through Afghanistan into Pakistan and then to India.

ADB:
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966 which is headquartered in Ortigas Center located in Mandaluyong, Metro Manila, Philippines, and maintains 31 field offices around the world, to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional.
ADB President – Takehiko Nakao

Extra info:
1. The ground breaking for the 1,814 kilometre-long TAPI pipeline, a project aimed at easing the energy deficit in South Asia.
2. Minister of Petroleum and Natural Gas – Dharmendra Pradhan
3. Turkmenistan–Afghanistan–Pakistan–India Pipeline (TAPI)

So lets do:
1. TAPI pipeline is also known as ?
2. Expand the TAPI and UNESCAP?
3. Who is the ADB President?
Source – The Hindu




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