Gas Deals Advance $8B Trans-Afghan Pipeline

Law360, New York (May 23, 2012, 4:52 PM EDT) -- Countries involved in a U.S.-backed gas pipeline through Afghanistan signed key gas sale agreements Wednesday to advance the $7.6 billion project, which has been derailed for more than a decade by civil war and insurgency.

State-owned energy companies from India and Pakistan will buy up to 1.2 trillion cubic feet of gas per year from the still-unbuilt TAPI pipeline, which would connect gas fields in Turkmenistan to utility hubs 1,000 miles east in India and Pakistan. Under the agreements, GAIL Ltd. and Inter State Gas System...
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