CentGas

CentGas

Central Asia Gas Pipeline, Ltd. (CentGas) was a consortium formed in the 1990s to develop a project to build the Trans-Afghanistan Pipeline to link Turkmenistan's abundant proven natural gas reserves with growing markets in Pakistan. The Group led by Union Oil Company of California (Unocal) and Delta Oil Company, Ltd., of Saudi Arabia had also considered an extension of the line to the New Delhi area. Regional and political instability proved too great a challenge to overcome and the project eventually was cancelled after Unocal (the largest CentGas investor) withdrew from the consortium.

Consortium group members

* Unocal Corporation - one of the world's leading energy resource and project development companies
* Delta Oil Company, Limited (Saudi Arabia) - privately owned by Badr M. Al-Aiban
* Gazprom (Russia)
* Government of Turkmenistan; Turkmenrusgas
* Indonesia Petroleum , Ltd. (INPEX) (Japan)
* ITOCHU Oil Exploration Co., Ltd. (CIECO) (Japan)
* Hyundai Engineering and Construction (South Korea) - among top global general contractors
* Crescent Group (Pakistan) - premier industrial and financial conglomerate in Pakistan

Project deliverables

* distance: ~1,300-kilometers (~800-miles)
* diameter: 48-inches
* source: Dauletabad gas fields

Project milestones

* 1995 Mar: Inaugural memorandum of understanding between the governments of Turkmenistan and Pakistan for a pipline project is signed
* 1996 Aug: CentGas consortium is formed
* 1997 Oct 27: CentGas incorporated in formal signing ceremonies in Ashgabat, Turkmenistan, by several international oil companies along with the Government of Turkmenistan to build a pipeline across Afghanistan
* 1998 Jan: The Taliban, selecting CentGas over a Brazilian competitor, signed an agreement that would allow the proposed project led by Unocal to proceed
* 1998 Jun: Gazprom relinquishes its 10% stake in the CentGas pipeline project
* 1998 Dec 8: Unocal announced that it was withdrawing from the CentGas consortium

External links

* [http://www.pakhome.com/cresbank/cres-gp.htm Crescent Group]
* [http://www.inpex.co.jp/english/index.html Indonesia Petroleum , Ltd.]


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