Minister for early completion TAPI
ISLAMABAD: Pakistan desire to hold a ceremony in connection with Turkmenistan Afghanistan Pakistan India Gas Pipeline in March 2019 in a bid to gear up1,814 km project costing over eight billion dollars.
The desire was expressed by Minister for Petroleum and Natural Resources Ghulam Sarwar Khan during a meeting with CEO of the project. The Minister stressed the need for early completion of the 3.2 bil- lion cubic feet gas flow pipeline running through four countries.
The Minister was talking to Chief Executive Officer of TAPI Pipeline Company Muhammetmyrat Amanov who called on him in Islamabad on Friday.
The federal minister said Pakistan desires to hold a ceremony in connection with TAPI in March. The heads of Turkmenistan, Pakistan and India will be invited to attend the event.
The TAPI gas pipeline is undeniably one of the biggest energy projects of the Asian region. The planned pipeline has a complete length of 1,814 kilometers: 214 km in Turkmenistan, 774 km in Afghanistan, and 826 km in Pakistan to reach Fazilka on the India-Pakistan border. With a total estimation of $9.9 billion, the project is planned for 30 years.
The pipeline would have the capability to supply 33 billion cubic meters (bcm) of gas from the world's fourth-biggest natural gas reserves in Daulatabad of Turkmenistan; with 16 percent going to Afghanistan, Pakistan and India would receive 42 percent each. In addition to receiving 5.22 bcm of gas annually, Afghanistan would get around $400 million each year from transportation income.
It will be constructed alongside the Kandahar-Herat Highway in western Afghanistan, and then via Quetta and Multan in Pakistan. The final destination of the pipeline will be the Indian town of Fazilka, near Pakistan-India border.
Pakistan, now a days faces acute energy crises this pipeline project is undoubtedly important all for the member countries and the Asian region.
85% of the cost of TAPI pipeline will be funded by Turkmenistan where the cost is estimated at $10 billion. 5% of the cost shares will be contributed each by Afghanistan, Pakistan and India. For the development of the region, the Asian Development Bank has also vowed to fund the project.