Dragon Oil looks to back $10bn gas link - FT.com:
"Dubai-owned Dragon Oil is in talks to invest in a $10bn pipeline to deliver natural gas from Turkmenistan to India, a potential boost to the project after several western oil companies failed to secure a role.
The Tapi project has been delayed for years amid numerous challenges — including building a pipeline across war-torn Afghanistan — but is gathering pace as Turkmenistan, facing a plunge in revenues because of the oil price fall, seeks new customers for its natural gas.
Construction will begin next month, Turkmen officials told an oil and gas conference in the capital, Ashgabat, last week."
'via Blog this'
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