Turkmenistan to Hold TAPI Road Shows in Sep-Oct

Turkmenistan is planning to hold road shows in Sep-Oct to attract investors who would take part in the TAPI project aimed to ship Turkmen gas to India via a trans-Afghan pipeline.

The central Asian nation agreed in May to supply natural gas to Pakistan and India via Afghanistan by signing gas sales and purchase agreements with Pakistan’s Inter State Gas Systems and Indian state-run utility GAIL.

Road shows for potential investors would be held in Singapore, New York and London and would last for 18-20 days, Dawn newspaper reported.

“The Tapi project will ensure long-term (annual) shipments of over 30 billion cubic metres (bcm) of Turkmen natural gas to the countries of Southeast Asia,” state television showed Turkmen President Kurbanguly Berdymukhamedov as telling a government meeting late on Friday, the Pakistani newspaper reported.

The pipeline project is expected to supplying gas to Pakistan in 2016 and to India in 2018.