ISLAMABAD: Turkmenistan on Friday said it wishes to have the TAPI gas pipeline inaugural ceremony to be held in March 2019 in Pakistan and launch construction work side on its side by next year.
On Friday, Muhammetmyrat Amanov, CEO, TAPI Pipeline Company Ltd called on Ghulam Sarwar Khan, Federal Minister for Petroleum and Natural Resources on Friday at the Ministry of Petroleum.
During the, meeting the four states TAPI pipeline and mutual collaboration among them was discussed.
Mr Sarwar said that first inter-government agreement of TAPI was signed in 2010, thus this project should be completed at the earliest.
TAPI Limited desires to have an inaugural ceremony in March 2019 in Pakistan.
At the ceremony, it will the request head of states of all 4 countries to attend the formality. Federal Minister further added that the total pipe length is 1680 km (from Turkmenistan through Afghanistan and Pakistan up to Pak-India border).
The total gas volume is 3.2 billion cubic feet of natural gas per day. The estimated cost of the project is $8.5 billion.
Turkmengaz was nominated as consortium leader in August 2015 with 85% shareholding and Pakistan, India and Afghanistan having 5% shares each.
The meeting was also attended by Atadjan Movlamov, Ambassador of Turkmenistan Mubeen Saulat, MD, ISGSC and Sher Afghan Khan, Additional Secretary Petroleum.
In mid-November, a foreign media outlet reported the TAPI pipeline project to supply Turkmenistan’s gas to India and Pakistan via Afghanistan was moving closer to securing funding and a final investment decision could be made next year, its chief executive told.
The development, a key step forward for the project after decades of delays, could see the new pipeline link the energy-rich central Asian nation to some of the strongest growth markets in the region.
Muhammetmyrat Amanov, chief executive of the TAPI Pipeline company, told an industry conference in the UAE capital of Abu Dhabi that the cost of the pipeline had been reduced to $7 billion from an initial estimate of $10bn, and that its first stage could cost only $5bn.
“We are planning to make a final investment decision (FID) in the first half of next year and then, stage by stage, finalise construction in Pakistan, Afghanistan and India,” he said.
The first gas could be delivered to Afghanistan within around a year from the FID, and to Pakistan within two years, he said.
The project has been supported by import/export credit agencies in Germany and Italy, he said, which will fund exports of equipment for the project from those countries.
Other potential financiers for the deal include the Asian Development Bank and the Islamic Development Bank, he added.
why pakistan stop wrok on TAPI pipeline. I think this project is very good regarding shortage of Gass in pakistan.
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