TurkmenGaz Selected TAPI Consortium Leader

TurkmenGaz has been selected as the TAPI pipeline consortium leader.

The decision was made during the 22nd steering committee meeting of TAPI gas pipeline project in Ashgabat on August 6, 2015. 

During the meeting it was agreed that the four countries involved in the project, i.e. Turkmenistan-Afghanistan-Pakistan-India (TAPI) will own the project and take steps for early implementation of the project. Turkmenistan proposed that its state-owned company TurkmenGaz would lead the consortium for TAPI project with majority investment. All sides endorsed the Turkmen proposal. It was agreed that all sides would make investment in the project subject to techno-commercial viability, shareholders agreement and investment agreement. 

In June, Turkmenistan’s ambassador to India told Sputnik the project launch is expected to take place in December 2015, while gas deliveries to India via the new pipeline are likely to start in 2018.

Last year, gas companies of Turkmenistan, Afghanistan, Pakistan, and India established a company that will build, own and operate the planned 1,800-kilometer TAPI natural gas pipeline. The pipeline will export up to 33 billion cubic meters of natural gas a year from Turkmenistan to Afghanistan, Pakistan, and India over 30 years.