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  • China to build two RLNG terminals at Gwadar
    08-Nov-2016

    ISLAMABAD: In a major development, Pakistan has managed to get the two RLNG terminals deal at Gwadar done with China. With the change of the mode from built, own, operate and transfer (Boot) to engineering procurement construction-financing (EPC-F), the country will be exposed to a mammoth saving of one billion dollars in 25 years just in the head of tolling fee.   The RLNG terminals w ...
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  • TAPI gas pipeline consortium plans roadshows in November
    15-Oct-2016

    ISLAMABAD: A long-delayed pipeline project from Turkmenistan to Pakistan and India via Afghanistan is in the final stages of financing, and investor roadshows are due to be held next month, a Pakistani official involved in the project said on Friday.   Originating at the giant Galkynysh gas field in Turkmenistan, the $10 billion TAPI (Turkmenistan, Afghanistan, Pakistan and India) pipe ...
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  • TAPI gas pipeline consortium plans investor roadshows in November
    14-Oct-2016

    A long-delayed pipeline project from Turkmenistan to Pakistan and India via Afghanistan is in the final stages of financing, and investor roadshows are due to be held next month, a Pakistani official said on Friday.   Head of Pakistan's state-owned Inter State Gas Systems (ISGS) Mobin Saulat told Reuters there was “significant progress” with the TAPI project and that in ...
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  • Management consultants for TAPI being shortlisted today
    27-Aug-2016

    Islamabad - The partner countries of Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project are meeting today (Saturday) in United Arab Emirates (UAE), which is also the main office of project, to shortlist the companies for the project management consultants, it was learnt reliably here.   The Interstate Gas System (ISGS) has received offer for the execution of Afghanistan po ...
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  • Pakistani gas company set to emerge as key player on world energy map
    14-Aug-2016

    ISLAMABAD: Inter State Gas Systems (ISGS), a company established by the government to work on gas import projects, is striving to secure energy resources to make Pakistan self-sufficient and it is expected to emerge as a key player on the world’s energy map after regional pipeline projects are executed. Pakistan is eyeing gas imports from countries holding vast deposits and has en ...
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TAPI gas pipeline investors to spend $200m on studies
ASHGABAT: Share¬holders of a planned gas pipeline connecting Turk¬menistan, Afghanistan, Pakistan and India (TAPI) agreed on Thursday to invest $200 million in studies and engineering for the $10 billion project.
Turkmenistan, which sits on the world’s fourth-largest gas reserves, started building its section of the 1,814-kilometre (1,127-mile) link, designed to ease its dependence on Russia and China, last December, but the three other countries have yet to begin work on their parts of the pipeline.
“We will use these funds to carry out various studies, preliminary engineering, environmental design and various research of the route,” Turkmenistan’s Deputy Prime Minister Yagshygeldy Kakayev told reporters in the Turkmen capital, Ashgabat.
He said the studies would provide a more exact estimate of the project’s cost. Kakayev did not say who would finance the preliminary spending.
Turkmen state energy firm Turkmengas is the main shareholder of TAPI Pipeline Company Ltd, the joint venture set up to carry out the project. Other investors are Afghan Gas Enterprise, Pakistan’s Inter State Gas Systems Ltd and GAIL (India) Ltd.
Kakayev said the company would most likely be based in Dubai. Originating at the giant Galkynysh gas field, the TAPI pipeline will tranship 33 billion cubic metres (bcm) of gas a year.
However, the TAPI project faces several risks, such as the deteriorating security situation in Afghanistan and lack of clarity about its financing.
 
Source:  REUTERS — PUBLISHED APR 08, 2016 06:45AM