South Asian gas demand strong enough for two pipeline schemes, says ADB Expert
22 Sep '05
4 min read
Even if Turkmenistan settles for current gas prices with India and Pakistan, observers note it should have some pricing leverage within five years' time when the project comes on stream. They point out that Pakistan industries and power plants currently pay $100 per 1,000 cubic meters for gas.
As well as financing the feasibility report for the Turkmen project, ADB financed a study for underground natural gas storage in Pakistan, where storage capacity would help meet local demand peaks in winter and counter possible supply disruptions.
The Asian Development Bank is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 63 members, 45 from the region. In 2004, it approved loans and technical assistance totaling $5.3 billion and $196.6 million, respectively.
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