India has a particular interest in Turkmenistan's hydrocarbon reserves.[3]
Turkmenistan, Afghanistan, Pakistan and India, collectively known as the TAPI countries, are working on a gas pipeline which was initially scheduled for completion in early 2017.[4] However, as of April 2024, the pipeline is yet to be completed.[5] This is particularly important for India's burgeoning energy needs as on completion, the pipeline is expected to provide nearly 60% of India's energy needs.[6]
Trade
Total trade between Turkmenistan and India is meagre, amounting only to around US$42 million according to the Ministry of External Affairs of the Indian government.[4]
Narendra Modi being welcomed by the Deputy Prime Minister and Minister of Foreign Affairs of Turkmenistan Rasit Meredow on his arrival at Ashgabat International Airport, Turkmenistan, on July 10, 2015.
Narendra Modi being welcomed by the President of Turkmenistan Gurbanguly Berdimuhamedov at Independence Square in Oguzkhan Palace, Ashgabat, Turkmenistan, on July 11, 2015.