The TAPI gas pipeline project continues to pick up speed in accordance with the schedules and plans to launch the first Turkmen natural gas supplies to South Asia in 2019. The topic of TAPI was widely considered during the IX international gas Congress, which ended last week in the NTZ "Avaza".
In the near future, Turkmenistan plans to provide all the necessary funding to complete the construction of the gas pipeline, which will stretch from the largest Turkmen field Galkynysh to Afghanistan, Pakistan and India. This was stated on the forum Chairman of the Board of Directors of the company "TAPI Pipeline Company Limited" Muhammetmurad Amanov.
"We expect that the settlement of financing issues will be completed in the third quarter, within the next three to four months," Reuters quoted him as saying.
According to Amanov, the company is negotiating with several export credit agencies. Among them — SACE (Italy), Hermes (France), as well as the insurer of export credits ECIO (Greece).
Meanwhile, as reported by the MEDIA Agency TURKMEN ORIENT with reference to the Pakistani news Agency APP, the Pakistani authorities in 2018-2019 are aimed at signing agreements on gas transportation and transit fees, approve the regulation on the operation of the pipeline and complete design and engineering surveys.
In addition, Pakistan has begun the process of procurement of pipes for the pipeline and the procedure for the appointment of a contractor, which will be engaged in supply and construction works.
Inter State Gas Systems (Pvt) Limited (ISGSL), which is responsible for the execution of the project in Pakistan, expressed confidence that the pipeline coming from Turkmenistan will significantly replenish Pakistan's energy reserves with low-cost, reliable and environmentally friendly energy, as well as help to achieve socio-economic progress in the region.
Stressing the importance of the project, the sources noted that the gas pipeline will have a positive impact on increasing the capacity of electricity production to meet the future energy needs of the country, as well as create great opportunities for employment in economically backward areas along the route.