Azerbaijan, Baku, July 10 /Trend V.Zhavoronkova /
The national gas companies of Turkmenistan and Afghanistan signed an agreement for the sale of natural gas which will be supplied from Turkmenistan to Afghanistan through the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, a press release from the Turkmen Foreign Ministry, released by the Embassy of the Turkmenistan in Azerbaijan said on Wednesday.
As stated in the report, a meeting of the TAPI steering committee which includes the oil and gas ministers of the four countries participating in the project was held. The work of the steering committee was also attended by representatives of the Asian Development Bank (ADB).
According to the report, a wide range of issues concerning the implementation of this large scale project were discussed.
Following the meeting a protocol was signed. Those present particularly centred their decision on the need to prepare founding documents soon and registration of the TAPI Ltd. consortium, as well as signing an agreement for a transaction adviser for the TAPI project.
The results of the steering committee meeting have demonstrated high efficiency in the negotiation process for the establishment of a legal framework necessary to begin the practical implementation of the TAPI project, the report said.