BREAKING NEWS

Turkmens close to gas deal on trans-Afghan pipeline

By REUTERS

MAY 21, 2012 09:26

ASHGABAT - Turkmenistan plans this week to sign a long-awaited agreement to supply natural gas to Pakistan and India through an ambitious US-backed pipeline that would cross Afghanistan, a source in the Central Asian country's government told Reuters on Monday.

Turkmenistan, which holds more than 4 percent of the world's natural gas reserves, plans to sign the sales and purchase agreement for the TAPI pipeline on Wednesday, during an international gas conference in the Caspian Sea resort of Avaza.

"The plan is to sign the TAPI natural gas sales and purchase agreement with Islamabad and Delhi on May 23 in Avaza, by the Caspian, where the gas congress is opening," the government source said, on condition of anonymity.

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