NEW DELHI, Feb 25:
TheTurkmenistan-Afghanistan-Pakistan-India(TAPI) gas pipeline is expected to begin commercial operation in 2017-18, the government has informed Parliament.
The transnational project envisages supply of 38 MMSCCMD (Million, Metric, Standard Cubic Metre per Day) of gas to India, the Government said, underlining that TAPI completely integrates with the country’s energy management goals as natural gas was an efficient fuel for power generation and cleaner alternative fuel for vehicles.
The Inter Governmental Agreement, Gas Pipoleine Framework Agreement and the GAS Sale and Purchase Agreements have been finalised.
The stakeholders have also decided to constitute a special purpose vehicels(TAPI Ltd) to carry out pre-project activities and to finalise an appropriate consortium leader for the project.
India would contribute five million dollars as its initial equity in the SPV, and further investments would be negotiated and decided upon the induction of Consortium leader and after completion of feasibility study.
The natural gas of which Turkemnistan holds 4 per cent of the world’s resreve will be transported from a caspian sea resort in Turkmenistan, via Afghanistan and Pakistan.
The pipeline will have the capacity to transport 90 MMSCMD of gas for 30 years.
(UNI)
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