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TAPI project to allow for entering other growing markets in Asia-Pacific region

Oil&Gas Materials 26 August 2019 17:38 (UTC +04:00)

Ashgabat, Turkmenistan, Aug. 26

By Huseyn Hasanov – Trend:

Cooperation in the oil and gas industries was one of the central topics of the Turkmen-Singaporean business forum held on Aug. 26 in Singapore, Trend reports referring to the Turkmen government.

In particular, the project of the transnational Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, with a total length of 1,840 kilometers and a capacity of 33 billion cubic meters of gas per year, was presented during the event.

"The project will provide fuel for such large, dynamically developing economies as those of India and Pakistan, and will potentially allow for entering other growing markets in the Asia-Pacific region," the Turkmen Dovlet Habarlary (TDH) state news agency wrote in its commentary.

The length of the Turkmen section of the TAPI pipeline, the construction of which was launched in December 2015, will be 205 kilometers. The pipeline will pass through the Afghan cities of Herat and Kandahar (816 kilometers), through the cities of Quetta and Multan across Pakistani territory (819 kilometers), and reach the city of Fazilka in India. The construction of the Afghan section of the pipeline was initiated in February 2018, while the construction of the Pakistani section is set to begin in October 2019.

The Turkmengas State Concern is the leader of the TAPI Pipeline Company Ltd. international consortium. It has a controlling stake and acts as the main financier and manager of the project. The consortium also includes the Afghan Gas Corporation, Pakistan’s Inter State Gas Systems (Private) Limited Company and India’s GAIL Company.

Three main areas for participation by potential foreign investors in the project are trade, supply of pipe and gas equipment; financing through provision of loans; and investment in the TAPI project and in development of the big Galkynysh gas field in Turkmenistan.

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