Ashgabat, Turkmenistan, June 29
By Huseyn Hasanov – Trend:
French company CIFAL confirmed its intention to actively take part in implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, the Turkmen government said in a message June 29.
During a meeting in Ashgabat with Turkmen President Gurbanguly Berdimuhamedov, CIFAL Chairman and CEO Gilles Remy made concrete proposals on the issue.
The sides also exchanged views on the cooperation prospects.
Turkmen president noted the contributions of CIFAL, which has proved itself as Turkmenistan’s reliable partner in implementation of national programs.
Gilles Remy drew attention to the ever-increasing interest towards the modern Turkmenistan by major global and, in particular, European businesses, adding that this is due to the enormous economic potential of the rapidly developing country.
CIFAL is the oldest and largest French business and service firm dedicated to Russia and the Central Asian/Caspian region.
The groundbreaking ceremony for TAPI's Turkmen section was held in mid-December 2015.
The estimated cost of the project will exceed $10 billion. The annual capacity of TAPI will reach 33 billion cubic meters.
It is planned that the TAPI pipeline’s total length will be 1,814 kilometers.
The project is expected to be completed in late 2019.