* Construction of 1,680-kilometre pipeline project to start by 2010
* Gas supply to begin by 2015
* 3.2bn cubic feet of gas to be supplied daily to three recipient countries
* Gas supply to begin by 2015
* 3.2bn cubic feet of gas to be supplied daily to three recipient countries
By Sajid Chaudhry
ISLAMABAD: An Inter-Governmental Framework Agreement on the Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline project was signed on ThursdayPrime Minister Yousaf Raza Gillani, while stressing the need for the early implementation of Turkmenistan-Afghanistan-Pakistan (India) (TAPI) gas pipeline project, said that this project would usher in a new era of prosperity and progress of the region, as well as improve relations among the member countries. He was talking at a meeting at Prime Minister’s House.Terming it a vital project for the development and progress of the region, the prime minister assured the government’s full support and co-operation towards the successful completion of the project.Construction: Petroleum ministers from the member countries ratified the framework agreement pledging to begin construction of the proposed $8 billion, 1,680-kilometre pipeline project by 2010, and supply gas by 2015. The signing ceremony was held at the conclusion of the second meeting of the Technical Working Group (TWG) and 10th meeting of the Steering Committee of Ministers from Turkmenistan, Afghanistan, Pakistan and India, following two days of talks.Federal Minister for Petroleum and Natural Resources Khawaja Muhammad Asif said the member countries are pursuing these projects to ensure the region’s future energy needs are met.Gas supply: Asif said that under the agreement some 3.2 billion cubic feet of gas would be supplied daily to the three recipient countries, and after allocating a small share to Afghanistan, Pakistan and India would share remaining gas equally. The minister said the cost of the project, which was put at $3.3 billion in 2002 had now risen to $7.6 billion, but that despite the significant increase in project cost estimates, the project is still considered financially viable. Even if costs rise further the project would remain viable, he added. Indian Petroleum Minister Shri Murli Deora said that India is committed to the TAPI project and was participating in the project to meet growing energy needs. He also announced that remaining bilateral issues such as transit fees on the Iran-Pakistan-India (IPI) gas pipeline project would be addressed in a meeting to be held on Friday.
Original Link: http://www.dailytimes.com.pk/default.asp?page=2008%5C04%5C25%5Cstory_25-4-2008_pg1_4
ISLAMABAD: An Inter-Governmental Framework Agreement on the Turkmenistan, Afghanistan, Pakistan and India (TAPI) gas pipeline project was signed on ThursdayPrime Minister Yousaf Raza Gillani, while stressing the need for the early implementation of Turkmenistan-Afghanistan-Pakistan (India) (TAPI) gas pipeline project, said that this project would usher in a new era of prosperity and progress of the region, as well as improve relations among the member countries. He was talking at a meeting at Prime Minister’s House.Terming it a vital project for the development and progress of the region, the prime minister assured the government’s full support and co-operation towards the successful completion of the project.Construction: Petroleum ministers from the member countries ratified the framework agreement pledging to begin construction of the proposed $8 billion, 1,680-kilometre pipeline project by 2010, and supply gas by 2015. The signing ceremony was held at the conclusion of the second meeting of the Technical Working Group (TWG) and 10th meeting of the Steering Committee of Ministers from Turkmenistan, Afghanistan, Pakistan and India, following two days of talks.Federal Minister for Petroleum and Natural Resources Khawaja Muhammad Asif said the member countries are pursuing these projects to ensure the region’s future energy needs are met.Gas supply: Asif said that under the agreement some 3.2 billion cubic feet of gas would be supplied daily to the three recipient countries, and after allocating a small share to Afghanistan, Pakistan and India would share remaining gas equally. The minister said the cost of the project, which was put at $3.3 billion in 2002 had now risen to $7.6 billion, but that despite the significant increase in project cost estimates, the project is still considered financially viable. Even if costs rise further the project would remain viable, he added. Indian Petroleum Minister Shri Murli Deora said that India is committed to the TAPI project and was participating in the project to meet growing energy needs. He also announced that remaining bilateral issues such as transit fees on the Iran-Pakistan-India (IPI) gas pipeline project would be addressed in a meeting to be held on Friday.
Original Link: http://www.dailytimes.com.pk/default.asp?page=2008%5C04%5C25%5Cstory_25-4-2008_pg1_4
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