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Call it the Great Game, round three. The first such contest, famously chronicled by Rudyard Kipling, involved the 19th century struggle for dominance between the British and Russian empires over access to India and its lucrative trading routes. The second centered on the post-Soviet scramble for resources and influence in energy-rich Central Asia. Today, a third such round of geopolitical competition is emerging in South Asia, spurred by the vast energy potential of the post-Soviet space and the uncertain political disposition of Afghanistan.

Last month, this competition took a giant step forward when Afghan President Hamid Karzai met with the presidents of Turkmenistan and Pakistan, as well as with India's oil and gas minister, in the Turkmen capital of Ashgabat. The meeting netted an agreement to begin construction of a new natural gas route known as the Turkmenistan-Afghanistan-Pakistan-India pipeline in two years' time.