English | دری

Pakistan, Turkmenistan ready to expedite work on TAPI

in Afghan Business

Pakistan, Turkmenistan ready to expedite work on TAPI

Pakistan and Turkmenistan have both agreed to accelerate work on the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project.

Turkmen President Gurbanguly Berdimuhamedov discussed the TAPI project with his Pakistani counterpart Mamnoon Hussain on the sidelines of Canakkale battles centenary ceremonies in Istanbul, according to Pakistan’s Dawn.com.

The much-awaited project is scheduled to be completed by 2018.

The source adds that both nations have expressed concerns over Afghanistan’s security situation.

The pipeline has the capacity to carry 90mn standard cubic meters a day gas for a 30-year period, of which India and Pakistan would get 38 mmscmd each, and Afghanistan would get the remaining 14 mmscmd.

The 1735km gas pipeline is expected to stretch from the largest gas field in Turkmenistan, Galkynysh, through Afghanistan’s provinces of Herat and Kandahar to Fazilka, area located between India and Pakistan.

The four nations’ president signed the intergovernmental agreement of the TAPI project in 2010 in Ashgabat, Turkmenistan. The project is developed by the Asian Development Bank.

The project has been a topic of discussion from 1990 onwards.

The Transaction Advisory Services Agreement (TASA) on the project was signed in November 2013.

The pipeline will bring USD 450mn in revenue to Afghanistan and generate employment opportunities for thousands of youths.



Related Articles

Qatar interested in investing in Afghanistan

Led by Qatari Businessmen Association Chairman Sheikh Faisal Bin Qasim Althani, the Qatari delegation met with President Hamid Karzai to

Afghan manufacturers emphasize on implementing national electro-technical standards

On November 2nd, 2013 more than 40 Afghan manufacturers of electro-technical products such as transformers, cables, bulbs or plugs met

Grape production drops in Herat

Officials of the Agriculture Department in Herat province have reported that grape production has declined by 30%. The severe winter

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.