Minister for early com­ple­tion TAPI

The Financial Daily - - CONTINUATIONS -

TFD Re­port

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.

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