Export credit agencies in Europe, Asia show interest in TAPI gas pipeline project

ASHGABAT, Turkmenistan, Oct. 24

By Huseyn Hasanov – Trend:

Export credit agencies in Europe and Asia express interest in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline construction project, Trend reports referring to Business-Turkmenistan agency.

Director of TAPI Pipeline Company Ltd Muhammetmyrat Amanov noted that the pipe products for the TAPI project will be delivered through the seaport in Turkmenbashi city, according to the report.

“The corresponding contracts for the provision of logistics services will be signed in the second quarter of next year,” Amanov said.

The director added that in order to improve the engineering work, the project received support of John Wood Group company from the UK and Bilfinger Tebodin company from Germany.

“The security protocols of the Afghan and Pakistani sections of TAPI will be finalized in the fourth quarter of this year,” Amanov said.

The operations on laying the Turkmen section of the TAPI gas pipeline are planned to be completed till late 2019, the construction of which was launched in December 2015. The construction of the Afghan section was launched in February 2018. Pakistan plans to begin the operations on TAPI this year.

The buyers are gas companies from Afghanistan, Pakistan and India.

The participating countries established the TAPI Pipeline Company Limited consortium, the leader of which was Turkmengas state concern. The project is being promoted by the Asian Development Bank (ADB), which acts as a project transaction advisor.

TAPI's resource base will be Galkynysh field, the second biggest gas field in the world (after South Pars field in Iran). The total length of the TAPI gas pipeline with a capacity of 33 billion cubic meters of gas per year will be approximately 1,840 kilometers. Instability in transit Afghanistan remains a great obstacle, but Kabul says it will be able to ensure the safety of the route.

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