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Thursday, May 17, 2012

India: ''Cabinet nod for $7.6 bn TAPI gas pipeline''

From Livemint

''Often referred to as the “peace pipeline” because some of the countries that it passes through have an adversarial relationship, the deal involving the four countries is expected to be inked by the end of the month.

Not only will the investment address India’s urgent need to boost gas supplies, it will also help underline its growing economic linkages with Afghanistan, and more recently with Pakistan. It could, however, potentially cause some diplomatic friction with Iran as India has abandoned a similarly ambitious project with that country and opted instead for a Central Asia project that has been backed by the US.''

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