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Turkmenistan plans to attract investors for the TAPI Project

in Afghan Business

Turkmenistan plans to attract investors for the TAPI Project

Turkmenistan’s government says they are making efforts to attract foreign investors for extending a new gas pipeline project that will connect Central Asia with South Asia.

Some analysts are skeptical of the TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipeline project that is supported by the Asia Development Bank.

But, the U.S. has embraced this project and believes that the project will help to develop regional peace and economy.

Turkmenistan’s newspaper, Neitralny, reported that the country’s Deputy Prime Minister Yageshi Gildi Kakayuf announced the planning of the new project in a series of meetings on Friday with representatives from major oil and gas companies and international financial institutions.

Mr. Gildi said that discussion on financial issues regarding the TAPI project and creation of a consortium or coalition of several companies is considered to take place in September and October of this year.

TAPI project will be introduced in the main business and financial centers of South Asia, which are Singapore, New York and London.

In addition to the Asia Development Bank, various other interested companies will also participate in the meetings on the introduction to the project.

Turkmenistan is the fourth richest country in the world in terms of its natural gas resources.

The country signed the TAPI project submission contract with Pakistan and India in May of this year.

TAPI pipeline is 1,700 km long and transfers gas to Pakistan and India through Afghanistan.

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