Service Agreement for Turkmenistan-India gas pipeline project signed in Ashgabat

Service Agreement for Turkmenistan-India gas pipeline project signed in Ashgabat

Ashgabat, Turkmenistan, Nov. 20

By Huseyn Hasanov - Trend:

A Service Agreement for the Turkmenistan-Afghanistan-Pakistan-India(TAPI) pipeline was signed in Ashgabat , Turkmenistan 's TV Channel reported on Nov.20.

According to the report the agreement was signed with the transactional adviser the Asian Development Bank (ADB), as well as the Turkmengas State Concern, Afghan Gas Corporation, Inter State Gas Systems (private) limited Corporation ( Pakistan ) and Gail Limited Company (India).

The Ashgabat interstate agreement of the member state on commencement of the practical implementation of the TAPI project signed in 2010 serves as the basic document for promotion of the project. In May 2012, the Turkmen government signed an agreement for the sale and purchase of natural gas with India's GAIL Ltd. and State Gas Systems of Pakistan. A corresponding agreement was signed with Afghanistan in July, 2013.

At this stage a legal framework has been created for addressing issues related to the formation of a TAPI consortium which will provide financing and construction of the power line.

The design capacity of TAPI is 33 billion cubic meters of natural gas per year. The estimated length reaches 1735 kilometres. It is expected that the pipeline will extend from the largest gas field in Turkmenistan 'Galkhynysh' through the Afghan cities of Herat and Kandagar to the Fazilka settlement on the Pakistani-Indian border.

President of Turkmenistan Gurbanguli Berdimuhamedov said in his message to the participants of the opening of the exhibition and conference 'Turkmenistan's Oil and Gas' (OGT-2013) that real progress is being observed in the implementation of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline project (TAPI).

"I would like to emphasize that a great progress is observed in the implementation process of Turkmenistan-Afghanistan-Pakistan-India gas pipeline project (TAPI)," the message said.

The president stressed that Turkmenistan, which has great hydrocarbon reserves and is located in a favorable geopolitical position considers the reliability and security of hydrocarbon supplies to world markets as an important element of sustainable development.

Subscribe to Trend in Google News! Subscribe
Israeli firm to sell HSBC Tower in New York for $855 million
Israeli firm to sell HSBC Tower in New York for $855 million
Cases of Omicron variant rise to 11 in Israel
Cases of Omicron variant rise to 11 in Israel
Israeli co Fireblocks raising $400m at $8b valuation
Israeli co Fireblocks raising $400m at $8b valuation
Loading Bars
Latest
TBC Capital publishes Georgia’s weekly economic review
Oil rebounds above $71 on Omicron hopes, Iran talks
President Ilham Aliyev, First Lady Mehriban Aliyeva meet with residents of Gonagkand settlement
Israeli firm to sell HSBC Tower in New York for $855 million
Iran reveals COVID-19 data for December 6
President Ilham Aliyev, First Lady Mehriban Aliyeva view conditions created at newly built Culture House in Gonagkand
President Ilham Aliyev, First Lady Mehriban Aliyeva view conditions created at secondary school No1 in Guba
President Ilham Aliyev, First Lady Mehriban Aliyeva attend opening of Guba Abad Factory enterprise (PHOTO)
President Ilham Aliyev inaugurates Guba-Gonagkand highway
President Ilham Aliyev and First Lady Mehriban Aliyeva view conditions created at Guba Olympic Sports Complex
Crisis center discloses 32,136 new coronavirus cases in Russia over past 24 hours
Chevron to expand investments in Kazakhstan’s Tengiz field dev't
Famous scientist talks about significance of victory in Azerbaijan’s Karabakh (PHOTO)
Iran shares data on cargo transportation
President Ilham Aliyev and First Lady Mehriban Aliyeva arrive in Guba district for visit (PHOTO)
Azerbaijan prepares bill on repatriation of people to Karabakh – state committee
Azerbaijani State Oil Fund’s estimates on oil, gas transportation revenues for 2022 unveiled
Azerbaijan gives update on mine clearance work in liberated lands
Azerbaijan’s 10M2021 volume of goods exports via stationary vehicles increases
State Oil Fund of Azerbaijan forecasts revenues and expenditures for 2022
Azerbaijan’s forecast for oil production from Bahar field in 2022 revealed
Cargo movements in Iran’s Noshahr Port down
India, Russia to ink number of pacts during Modi-Putin summit on Dec 6
India clears plan to make AK-203 assault rifles with Russia
Georgia to reduce external debt and budget deficit in 2022 – PM
From buyer of military goods, India wants to become Russia’s ‘development & production’ partner
Georgia, US discuss wine exports potential
EU, UNDP to implement project for green economy transition in Uzbekistan
Imperial Springs Forum 2021 concluded (PHOTO)
Private investment to pick up: CEA Krishnamurthy V Subramanian
Bangladesh, India: Celebrating 50 years of friendship
Georgia's coal production up
Uzbekistan shares data on sales of oil and gas products in 11M2021
Uzbekistan and Kazakhstan sign trade contracts and bilateral agreements
Azerbaijan shares forecast on volume of oil production from ACG field for 2022
Iran records increase in cargo transportation via Bushehr International Airport
bp presented laboratory to be named after Nobel Prize winner
Azerbaijan provides with insurance payments heirs of martyrs, soldiers wounded due to Armenian provocation on Nov. 16
Azerbaijan projects growth in gas production from Shah Deniz field in 2022
Iran sees decrease in number of new mines
Volume of loaded/unloaded cargo in Iran’s Anzali port climbs
EIA names factors triggering wider spread between sweet and sour crude oils
Azerbaijan to install seismic stations in liberated lands until 2025
VISA talks investments in dev’t of its own IT-technologies (Exclusive)
‘Tripartite contract’ could turn Iran into regional transit center - Iranian president
Iranian President talks about nuclear discussions
Financial market of Azerbaijan – review of week’s main events
Equinor to acquire 45% stake in Noriker Power Limited
Iran's SATBA reveals details of country's renewable energy generation
Iran's NIORDC to sign contract for producing dual-fuel taxis with local manufacturer
Private investors in Iran apply to boost renewable energy development countrywide
New economy building must be ensured in Azerbaijan's Karabakh - president's special representative
Azerbaijan reveals insurance payments to heirs of servicemen who died in helicopter crash
Azerbaijan pays great attention to dev’t of innovations, technologies - executive power
Iran to unveil plan for development of rail fleet for its mines
TAP’s technical forward capacity by Dec.12
Only innovative technology-based enterprises to function in Azerbaijan's liberated lands - deputy minister
Physical gas flows, nominations at TAP’s interconnections
Azerbaijan creating innovative financial, banking services in Karabakh
Participants of Second Karabakh war, families of martyrs living, working in Azerbaijan’s liberated territories to be provided with benefits
Negotiations with several enterprises to attract investors to Aghdam industrial park nearing completion – deputy minister (PHOTO)
Iran eyes increase in activities in Chabahar port
Iran records increase in exports from Gilan Province
Turkey discloses cargo shipments via its ports from Bulgaria in 10M2021
Azerbaijan eyes several directions for innovative development of liberated areas - deputy minister
UK to require travelers from Azerbaijan to submit negative PCR test
Iran sets increase of monthly salary in budget bill for next year
Decision makers in Iran realize going forward without JCPOA is wrong - analyst
Iran negotiating with Russia to lift bell pepper export restrictions
Pace of LNG supply growth in Asia forecast to slow down
Mariana Vasileva expresses gratitude to President Ilham Aliyev, First Vice-President Mehriban Aliyeva
Iran set to reform its insurance sector
Iran relying on domestic car manufacturers to increase production by 2025
Global LNG sector poised to post healthy export growth this year
Georgia releases COVID-19 data for December 6
Iran planning to increase steel production for domestic needs and export
Iran to reform rules for startup companies to participate in stock market deals
Azerbaijani currency rates for December 6
Iran hopes to raise local car manufacturing
Iranian currency rates for December 6
CAMEX International launches cargo airline in Georgia
Overall index of the Tehran Stock Exchange drops on December 5
Turkey reveals cargo traffic via its ports from US for 10M2021
Azerbaijan shows footage from Kalbajar's liberated Kechiligaya village (VIDEO)
Uzbekistan shares domestic COVID-19 data for December 5
Turkey discloses number of docking ships at Bandirma port for 10M2021
Azerbaijan discloses turnover of investment companies for 11M2021
Uzbek Direct Investment Fund and South Korean company co-op to attract investments
Cargo movements in Iran’s Bushehr port up
Iran shares data on exports via customs of Semnan Province
Azerbaijan interested in Turkish "Hürkuş" trainer aircraft - Turkish Defense Industry
Cargo transportation via Iran's Kerman International Airport soars
IRICA reveals data on Iran’s saffron exports
Weekly review of Azerbaijani oil prices
Poor weather hampers search and rescue efforts at Indonesia volcano
S.Korean president's approval rating rises to 40.5 pct: poll
Iran's trade turnover with Azerbaijan booming - IRICA
Kazakhstan adds 632 new daily cases of COVID-19
Bob Dole, longtime U.S. senator, presidential candidate, dies at 98
Hamilton wins wild Saudi GP to set up F1 title showdown
All news