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TAPI project finally to get off the ground in Asghabat

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Islamabad: Construction of much-anticipated TAPI gas pipeline will begin from December 13 in Turkmenistan, said an official of Interstate Gas Systems Private Ltd. (IGSP) on Tuesday.

Turkmenistan-Afghanistan-Pakistan-India (TAPI) project will commence next week, some 25 years after the inception of the project, told Mobin Saulat, managing director of IGSP.

Pakistani Prime Minister Nawaz Sharif along with Afghanistan and Indian leaders will attend the groundbreaking ceremony of $10 billion projects in Ashgabat.

Saulat said the dialogue to import gas for energy-starved Pakistan was initiated with Turkmenistan in 1990, and added that work on the pipeline will finally begin next week.

Pakistan’s Interstate Gas Systems, along with Turkmenistan’s Turkmengas, Afghanistan’s Afghan Gas Enterprise and India’s Gail Ltd, has equal share-holding in the TAPI Pipeline Company Limited (TPCL).

Saulat comments that gas supply to Pakistan by TAPI project would start in 2019. Pakistan and India will get over 1.3 billion cubic feet per day of gas from TAPI while Afghanistan will get 0.5 billion cubic feet.

India will pay $200-250 million in transit fees to Pakistan while Pakistan will pay the same amount as transit fees to Afghanistan, he said. Pakistan and India have both purchased five percent shares of the TAPI project.

The pipeline has a stretch of 1,800 km and is likely to cost more than $10 billion. Turkmenistan media said the government expects the gas link, with an annual capacity of 33 billion cubic metres, to be fully operational by the end of 2018.

The TAPI project could help ease growing energy deficits of Asian giants Pakistan and India. The project is politically complex, requiring cooperating governments, and logistically challenging, as the pipeline would pass through areas of Afghanistan and Pakistan plagued by Taliban and separatist insurgents.

(IANS)

(Picture Credit: en.trend.az)

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Beijing Plans to Invest $1 Billion in Development Projects in Islamabad

Besides this, he also said the pace of development projects under the China-Pakistan Economic Corridor (CPEC) was satisfactory

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Beijing, Invest, Islamabad
He made the announcement while addressing the Islamabad Women's Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported. Pixabay

Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad.

He made the announcement while addressing the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday, The Express Tribune reported.

Besides this, he also said the pace of development projects under the China-Pakistan Economic Corridor (CPEC) was satisfactory and the second phase of the China-Pakistan Free Trade Agreement (CPFTA) will be finalised in October after which 90 per cent of Pakistani exports including agricultural products and seafood will attract a 0 per cent duty.

“Market access will increase Pakistan’s exports by $500 million, which will reduce the disparity between bilateral trade,” said Yao.

Beijing, Invest, Islamabad
Yao Jing, the Ambassador of China to Pakistan, has announced that Beijing has planned to invest $1 billion in development projects in Islamabad. Pixabay

The envoy remarked that Chinese businesswomen would be invited to participate in the fifth Islamabad Expo scheduled in November to explore the market and promote networking.

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“In addition, women entrepreneurs of Pakistan would be sent to China to participate in the expos and explore business opportunities,” he added. (IANS)