NEW DELHI -- State energy companies in Afghanistan, India, Pakistan and Turkmenistan have established a joint venture to build, own and operate an ambitious 1,800-km pipeline exporting natural gas from resource-rich Turkmenistan to the other three countries over a 30-year period.
The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline -- dubbed the Peace Pipeline in this terrorism-infested part of Asia -- has been incorporated as a special purpose vehicle (SPV) in the Isle of Man, a British crown dependency located in the Irish Sea. The SPV is responsible for finance, design, construction, operation and maintenance of the TAPI pipeline.
