CentGas
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Central Asia Gas Pipeline, Ltd. (CentGas) was a consortium formed in the 1990s to develop a project to build the Trans-Afghanistan Pipeline from Turkmenistan's natural gas fields to Pakistan.[1] The consortium had also considered an extension of the pipeline 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[edit]
The consortium was led by Union Oil Company of California (Unocal) and Delta Oil Company of Saudi Arabia. Original members of Cent Gas were:
- Unocal Corporation - one of the world's leading energy resource and project development companies
- Delta Oil Company (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
In June 1998, Gazprom relinquishes its 10% stake in the CentGas pipeline project. On 8 December 1998, Unocal announced that it was withdrawing from the CentGas consortium.
References[edit]
- ^ Affairs, Chevron Policy, Government and Public. "Consortium formed to build Central Asia gas pipeline". chevron.com. Archived from the original on 2017-12-01. Retrieved 2017-11-29.
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